AI-linked stocks rally after Anthropic seeks record-setting IPO

Space Exploration Technologies

26/10/2026 16:30

** AI related stocks rise after Anthropic filed for potential record-breaking IPO, with co valued at ~$1.5 tln
** Listing shaping up as major test for investors increasingly concerned with returns on hefty AI investments
** "My initial views from the optimist, it speaks a lot that the AI trade is alive and well. That the penetration of AI will continue. It also bolsters the psychology looking at the other participants in this space" - Andre Bakhos, managing member, Ingenium Analytics 
** Chipmakers NVIDIA NVDA.O and AMD AMD.O gain over 2 each; Intel INTC.O jumps 4.5%
** Marvell MRVL.O, Broadcom AVGO.O and Micron MU.O advance 2.2%-3.3% each
** Applied Materials AMAT.O gains 3.6%, Qualcomm QCOM.O rises 1.7%
** Hyperscaler Microsoft MSFT.O gains 1.1%
** Neocloud CoreWeave CRWV.O, IREN IREN.O surge ~5% each; Nebius NBIS.O advances 2.2%
** US-listed shares of TSMC TSM.O 2330.TW and SK Hynix SKHY.O 000660.KS up 1.7%, 3.2% respectively
** xAI-owned SpaceX SPCX.O rises 1.1%
** Data-storage cos Western Digital WDC.O and Seagate Technologies STX.O rise 3.7% each; SanDisk SNDK.O up 2%
** Including sessions' move, Philadelphia Semiconductor Index .SOX up 56.5% YTD

 (Reporting by Anand Gopal in Bengaluru)
 ((AnandGopal.R@thosmonreuters.com))