Anthropic’s IPO Is said to be multiple times oversubscribed
Nasdaq jumps as CoreWeave results calm AI spending jitters
Australian shares are set to fall on Thursday, after US tech stocks rallied on bets that the artificial intelligence trade has more room to run, despite last week’s selloff.
S & P/ASX 200 futures were down 67 points, or 0.7 per cent, to 9126 near 4am (AEDT).
Better than expected earnings from CoreWeave and an oversubscribed Anthropic IPO boosted investor confidence. The Nasdaq was up by 2.1 per cent in midday trading, propelled by an Nvidia rebound and CoreWeave’s 26 per cent jump.
Oil rose after a two-day decline, as traders weighed mixed signals on the prospects for a conclusion to the Iran war.
