Wall Street rises as Anthropic IPO filing lifts AI stocks

invezz.com (Swedish) —

US stocks closed higher on Monday after Anthropic's IPO filing boosted sentiment for AI-related shares, helping the S&P 500 and Nasdaq recover from two straight weeks of losses. Semiconductor stocks led the gains. Anthropic, the company behind Claude, reported $16.29 billion in revenue for the six months ending in June, up 1,304% from the prior year, and plans to list on Nasdaq under ticker ANT. Nvidia rose 2.39%, Micron gained 3%, and the iShares Semiconductor ETF climbed nearly 3% as investors weighed AI investment sustainability. Investors now await the Federal Reserve's policy decision on Wednesday and earnings from major tech firms like Alphabet, Microsoft, and Amazon. Lower oil prices also supported the market, with Brent crude falling 1.11% to $115.45 per barrel.


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Wall Street rises as Anthropic IPO filing lifts AI stocks | News Minimalist