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AI stocks surge up to 9% as Anthropic IPO and CoreWeave earnings lift sentiment

moneycontrol.com — November 11, 2026 at 09:01 AM UTC

Artificial intelligence-related stocks rose up to 9% on November 11, driven by Anthropic's blockbuster IPO and strong CoreWeave earnings that lifted global AI sentiment. Netweb Technologies shares traded 7% higher, while E2E Networks and ESDS Software Solution climbed 5% and 4.2%, respectively. Anthropic's IPO aims to raise up to $64.4 billion by selling 825 million shares priced between $70 and $78, valuing the Claude chatbot creator at up to $1.4 trillion. Shares are expected to start trading on the Nasdaq on November 19 under the symbol "ANT." CoreWeave, backed by Nvidia, reported better-than-expected earnings with third-quarter revenue soaring and projected profitability in the first half of 2028. Asian stocks climbed over 1% on AI optimism, with South Korea's Kospi leading gains. Taiwan Semiconductor Manufacturing Co. rose 3% after approving investments of up to $1 billion in Anthropic and OpenAI. However, hotter-than-expected US inflation bolstered the case for Federal Reserve rate hikes, posing a challenge for global tech stocks.

With a significance score of 3.1, this news ranks in the top 11% of today's 32173 analyzed articles.

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