Morning bid Europe: Anthropic IPO—please try again
NVDA•Anthropic plans to raise nearly $70 billion in an IPO, but details briefly circulated to banks before being retracted. Oil prices fell as investors weighed the AI-market outlook and awaited US inflation data, with traders pricing an 84% chance of a rate hike next month.
1. Anthropic IPO filing
Details of Anthropic’s planned IPO, including a target to raise nearly $70 billion, were briefly circulated to banks before being retracted late Monday. The company is expected to formally launch its roadshow Tuesday, with pricing expected the following week.
2. Markets and inflation
Lower oil prices supported risk appetite, while Brent crude was last down 1% at $91.45 a barrel. US inflation data due later Tuesday is expected to show a 0.3% monthly increase, compared with 0.6% in September. Traders priced an 84% chance of an interest-rate hike next month, up from 74% a week earlier.
3. Nvidia shares fall
Nvidia shares closed down 4% Monday after its board launched an internal investigation into whether CEO Jensen Huang had been targeted by a foreign intelligence effort. US President Donald Trump said the FBI was looking into Huang’s relationship with a Chinese businesswoman alleged to be a spy for Beijing.
