Anthropic PBC’s bankers are weighing plans to peg the AI specialist’s IPO valuation at $1.5 trillion or higher, the Financial Times reported, a move that would underscore investor appetite for generative‑AI plays.
The chatter around Anthropic helped revive the AI trade after a bout of market nervousness sparked by a hotter‑than‑expected US inflation print. Core consumer prices rose 0.3% month‑on‑month in October, above forecasts of 0.2% and marking a third straight upside surprise — a sequence that has unsettled the narrative of a smoothly decelerating Fed policy path. The report sent shockwaves through risk assets: bitcoin slid to a three‑month low while the dollar closed firmer.
Still, pockets of risk appetite reemerged. CoreWeave — an infrastructure provider for AI workloads — topped earnings expectations, helping to rekindle demand for AI‑linked names and sending Nasdaq futures about 1.5% higher in premarket trade. Brent crude reversed earlier weakness, climbing roughly 2% to near $93 a barrel, while European and Japanese equities each rose by just under 1%.
Regional markets showed mixed fortunes: mainland Chinese stocks gained about 0.5%, yet Hong Kong lagged, falling roughly 1%. In a sign of Beijing’s funding push, China plans a $2 billion bond sale in Hong Kong, according to official sources.
In corporate news beyond AI, Siemens Energy said it expects higher profits by 2030 as global power demand surges, signaling long‑term tailwinds for utilities and equipment makers positioned for the energy transition.
With inflation data complicating the outlook for central‑bank policy and headline‑grabbing IPO talk heating valuations at the top end of the market, traders are left to weigh the durability of an AI‑led rally against a backdrop of stickier prices and more volatile macro headlines.
Leave a Reply