US stocks rise as Anthropic IPO filing lifts AI shares

reuters.com [$] —

US stocks closed higher Monday, with the S&P 500 and Nasdaq rebounding from consecutive weekly declines, as Anthropic's IPO filing boosted sentiment in AI-related stocks. Anthropic's filing revealed steep losses alongside rapid revenue growth, highlighting the high costs of AI development. The listing proceeds despite a slowing autumn IPO calendar, with investors scrutinizing AI spending returns ahead of the Fed's Wednesday policy statement and economic data. Meta shares fell 1.9% after announcing plans to raise up to $95 billion for AI infrastructure. Markets price a 12.7% chance of a rate hike Wednesday, while investors also await November 3 midterm elections.


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