Business · Markets · 3 hrs ago

US stocks rise as Anthropic’s IPO filing lifts AI shares

US stocks rise as Anthropic’s IPO filing lifts AI shares

US stocks rose on Monday as investors reacted to Anthropic’s filing to go public.

Anthropic, the company behind the Claude chatbot, filed with US regulators for an initial public offering.

The filing renewed interest in AI shares, helping the Nasdaq and S&P 500 recover some recent losses.

Anthropic reported rapid revenue growth alongside steep losses, highlighting the high costs of building powerful AI systems.

Investors are weighing those costs against whether heavy spending on AI will bring enough returns.

The Fed is due to announce its rate decision on Wednesday, while results from major technology companies, including Microsoft, Alphabet and Amazon, are expected this week.

Those updates could give investors new clues about the returns from AI investment and the direction of interest rates.

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What people are saying

JP Powerschief investment officer at RWA Wealth Partners
Today's all about the Anthropic release, so we're back on a little bit of an optimistic tilt, I would say.
via Economic Times
But there's a lot in that release. It will be interesting to see how well things are received when they actually come to list.
via Economic Times