AI stocks rise as Anthropic nears Wall Street debut amid investor caution
AI · First reported 26 Oct, 15:33 · Updated 19:06
AI-linked stocks rose on Monday after Anthropic revealed IPO paperwork, while investors remained concerned about debt-funded spending on AI infrastructure. Nvidia gained nearly 3%, and the Philadelphia Semiconductor Index rose more than 3%.
- Nvidia shares rose nearly 3%, while Microsoft and Amazon each gained nearly 1%.
- CoreWeave shares gained 5.7%, Nebius Group rose 2.3%, and the Philadelphia Semiconductor Index advanced more than 3%.
- The report said a potential Anthropic IPO could affect market valuations and compete for investor capital, while its longer-term effect on AI stocks remained uncertain.
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