Instant View: Anthropic IPO filing ratifies Wall Street’s AI obsession
NEW YORK, June 1 : AI giant Anthropic said on Monday it has confidentially filed for a U.S. initial public offering, teeing up a watershed moment for Wall Street’s AI frenzy. Tech stocks continue to lead the Nasdaq Composite and S&P 500 in a record-breaking market rally, while Elon Musk’s SpaceX is set to price its IPO this month and Anthropic rival OpenAI, led by Sam Altman, is waiting on deck. MARKET REACTION: U.S. stocks were mixed on Monday afternoon, with the Nasdaq up 0.3 per cent, the S&P 500 up 0.1 per cent and the Dow industrials off 0.3 per cent. Salesforce rose 10 per cent on Monday, following a report that its stake in Anthropic is valued at $5 billion. COMMENTS: MATT KENNEDY, SENIOR STRATEGIST AT RENAISSANCE CAPITAL, NEW YORK:”It’s true that many private tech unicorns have sat on the sidelines waiting for an IPO market that would grant them their desired valuations. That is not the case with Anthropic and other “elite” AI developers.” “Virtually any private round Anthropic raised would have …
