BUZZ-Anthropic seeks record-breaking IPO, AI concept stocks surge

October 26 - ** AI-related stocks rose after Anthropic filed for a potentially record-setting IPO (link), with the company valued (link) at around 1.5 trillion yuan (about 210 billion USD)

** The listing is becoming a major test for investors, who are increasingly concerned about returns on massive AI investments

** “As an optimist, my initial view is that this clearly shows the AI investment boom remains strong, and AI adoption will continue to grow. This also lifts market confidence for other players in the field.” — Andre Bakhos, Managing Partner at Ingenium Analytics

** Chipmakers NVIDIA NVDA.O and AMD AMD.O both rose over 2%; Intel INTC.O surged 4.5%

** Marvell MRVL.O, Broadcom AVGO.O and Micron MU.O rose between 2.2% and 3.3%

** Applied Materials AMAT.O gained 3.6%, and Qualcomm QCOM.O rose 1.7%

** Hyperscale cloud provider Microsoft MSFT.O rose 1.1%

** Emerging cloud companies CoreWeave CRWV.O and IREN IREN.O both surged about 5%; Nebius NBIS.O climbed 2.2%

** Taiwan Semiconductor Manufacturing Company TSM.O 2330.TW and SK Hynix SKHY.O 000660.KS US-listed shares rose 1.7% and 3.2%, respectively

** SpaceX SPCX.O, a subsidiary of xAI, gained 1.1%

** Data storage firms Western Digital WDC.O and Seagate Technology STX.O both rose 3.7%; SanDisk SNDK.O was up 2%

** Including today’s gains, the Philadelphia Semiconductor Index .SOX is up 56.5% so far this year

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