GoKawiil
Tech News
Anthropic, maker of the Claude chatbot, is said to be seeking a valuation of $1.3 trillion as it prepares a stock-market listing. The figure would place the company among the most valuable firms to go public in recent years.
Technology shares fell sharply amid growing investor skepticism about the sustainability of the AI-driven rally. Separately, Binance executives are working to offset billions of dollars in losses stemming from what is being described as the largest crypto heist on record, while Ukraine carried out a strike on a Russian oil refinery.
Futures point to a higher open for tech stocks, led by the Nasdaq, following a week in which AI-related shares tumbled and the index fell 4.5%. Yorkville Ives partner Dan Ives called the drawdown a 'golden buying opportunity,' while BTIG urged clients to use any semiconductor rebound to cut exposure. CoreWeave and Nebius, both down sharply last week, were also set to open higher Monday.
Major indexes hit fresh records before a sharp tech selloff on Thursday, with the S&P 500 still finishing the week up 1.2% and the Nasdaq up 0.6% after Friday's rebound. Separately, SpaceX reportedly seeks to raise $40 billion to expand its Nvidia-powered AI compute business and announced a deal to acquire a nationwide wireless spectrum portfolio for Starlink.
Dell stock jumped more than 13% Wednesday morning after reporting strong quarterly results and raising its fiscal 2027 adjusted earnings guidance by about 42.5%, to $25.50 from $17.90. The gains faded quickly, with shares up only around 5% by late morning, echoing a similar pullback seen after Nvidia's own strong earnings last week.