AI-linked stocks rally after Anthropic seeks record-setting IPO
QQQ•AI-linked stocks rose after Anthropic filed for a potential IPO, with the company valued at about $1.5 trillion. Chipmakers NVIDIA, AMD and Intel were among the gainers, while the Philadelphia Semiconductor Index was up 56.5% year to date.
1. AI-linked shares rise
AI-related stocks advanced after Anthropic filed for a potential record-breaking IPO, with the company valued at about $1.5 trillion. NVIDIA and AMD gained more than 2%, while Intel rose 4.5%.
2. Gains across the sector
Marvell, Broadcom and Micron advanced 2.2% to 3.3%, and Applied Materials gained 3.6%. CoreWeave and IREN surged about 5% each; Western Digital and Seagate Technologies rose 3.7% apiece. The Philadelphia Semiconductor Index was up 56.5% year to date, including the session’s move.
3. Investor views
Andre Bakhos of Ingenium Analytics said the IPO news suggested the AI trade remained active and could bolster investor psychology toward other participants in the space. The listing is shaping up as a major test for investors increasingly concerned about returns on hefty AI investments.
