Anthropic IPO Filing Lifts Chips, but Valuation Doubts Split Wall Street

Anthropic’s initial public offering (IPO) filing lifted Nvidia 2.4% on Monday. Investors are already split over the $2 trillion valuation reported for the listing. Anthropic plans to list on Nasdaq as ANT. Shares of Nvidia, Broadcom, and Micron jumped as the Nasdaq Composite rose 0.8%. Some investors had already discussed a $1.5 trillion price after revenue growth cooled. Who Profits If the Anthropic IPO Prices at $2 Trillion? CoreWeave, an AI cloud rental firm hit by debt concerns, also gained after weeks of losses. DA Davidson’s Gil Luria, head of technology research, singled out Amazon, Alphabet, and Broadcom as gainers from the offering. Moody’s senior vice president Raj Joshi said the swing to adjusted operating profit bodes well for AI.

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