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Anthropic submitted its IPO prospectus, disclosing plans to list on Nasdaq as 'ANT' with an offering expected as soon as November. The filing shows revenue climbing to over $16 billion from about $4.5 billion a year earlier, alongside a narrowed net loss of $80.7 million, while the prospectus did not specify fundraising targets or valuation, which earlier reports pegged near $2 trillion.
Anthropic has disclosed financial details ahead of its planned stock market debut, reporting losses exceeding $80.7bn and revenue of $16.3bn for the first half of the year. The company, maker of chatbot Claude, will list on the Nasdaq under the ticker ANT, though the number of shares and price range have not yet been set. Anthropic's valuation is expected to surpass SpaceX's $1.8 trillion listing earlier this year.
Anthropic submitted its Form S-1 to the SEC, confirming plans to list on Nasdaq under the ticker "ANT." The company had previously filed a draft version of the form in June, and it says the number of shares and their pricing have not yet been set.
A sharp selloff in technology stocks, led by Meta and chipmakers, pushed the Nasdaq to its worst day since June and sent investors into safe-haven assets. The 10-year U.S. Treasury yield fell below 5% for the first time in a month in its steepest one-day decline since March 2023, while Japanese government bonds and the yen also rallied on haven demand. Separately, Volvo Car shares fell as much as 30% in Stockholm after reporting a quarterly loss tied to weak U.S. and Chinese sales.
The Nasdaq Composite recovered most of Friday's losses after positive developments tied to SpaceX, Anthropic and Nvidia boosted sentiment across AI-related technology stocks. The gains spanned multiple parts of the so-called AI supply chain, from chipmakers to AI software firms and related ventures.
CNBC's Jim Cramer said investors should not chase Monday's tech rebound, which saw the Nasdaq Composite rise about 1.1% after last week's AI stock selloff pushed the index below its 50-day moving average. Cramer identified four conditions he wants met before turning bullish again on data center stocks: improved chart patterns, hyperscaler earnings reports, the election concluding, and Anthropic completing its IPO.
Germany's Merck has agreed to buy UK-based Silence Therapeutics, offering $20 in cash per American depositary share. The offer represents more than double Silence Therapeutics' closing share price as of the prior Friday.
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.
The Nasdaq posted its worst weekly performance since June, falling 4.5% and ending a four-week winning streak, while the S&P 500 dropped 2%. The Dow Jones Industrial Average rose 0.7% as investors shifted toward healthcare and consumer staples. The decline accelerated after September's consumer price index rose 3.7% year-over-year and producer prices jumped 6.3% annually, the largest gain since 2022.
Milan-based holding company Bending Spoons, which went public on Nasdaq in July, disclosed a new $330 million investment from Berkshire Hathaway this week, bringing Berkshire's total stake to more than $900 million. Shares jumped 41% on the news before paring gains, leaving Bending Spoons with a market cap near $30 billion. The company also confirmed layoffs at recently acquired Airtable, following job cuts at other portfolio firms like Evernote, Vimeo and WeTransfer.
CNBC's Investing Club reports that its 32-stock portfolio has diverged sharply over the past five weeks, with AI-exposed names like Micron among the week's biggest losers and defensive stocks such as Cardinal Health among the top gainers. Since the group's Sept. 10 meeting, the Nasdaq is up 2.3% overall even as the Dow fell nearly 1%, while this week alone the Nasdaq dropped 2.5% amid a hot inflation report and renewed AI-stock weakness. CrowdStrike and Meta Platforms were cited as standout winners, up 19.4% and 14.4% respectively, driven by cybersecurity demand and AI-related product momentum.
US stock futures fell Thursday after a rough trading session, with investors again questioning returns on heavy AI spending. Separately, September's consumer price index came in hotter than expected, driven by rising energy costs, marking the 66th consecutive month inflation has topped the Federal Reserve's 2% target—the longest such run this century. Diesel prices also remain elevated ahead of the midterm elections despite a new US-Russia diesel agreement.