Anthropic's IPO filing lifts tech stocks ahead of earnings and Fed decision

jpost.com —

Anthropic's IPO filing sparked a tech rally on Monday, lifting major US indices as investors returned to AI stocks ahead of key earnings and economic data releases this week. The company targets a Nasdaq listing under ticker ANT, with a potential valuation between $1.5 trillion and $2 trillion, which could make it the largest tech IPO in history. Revenue hit $16.3 billion in the first half of the year, up from $1.2 billion a year earlier, though founders will retain 50.1% voting control. Gains were selective, as Nvidia rose over 2% while Meta fell 1.9% after announcing a $95 billion stock offering for AI funding. Investors now await earnings from Microsoft, Alphabet, and Amazon, plus the Federal Reserve's rate decision and US GDP and inflation data.


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