AI-driven equity sell-off and Anthropic IPO
US stocks had their worst week since April 2025 on AI fears, with chips down 12.2%, while Anthropic reportedly proceeds with an IPO roadshow targeting the week of Nov 16.
What we know
An account on X reports S&P -2.7% on the week and the chip index -12.2%. @FT cites a $3.2tn rout fuelled by AI fears. Another account on X says Anthropic targets listing the week of Nov 16, and @CoinbaseMarkets lists OpenAI's $11B raise at $1.25T. Another account on X blames China selling, while another account on X and BlackRock's Rieder argue valuations are cheap.
How the story developed
US stocks had their worst week since April 2025 on AI fears, with chips down 12.2%, while Anthropic reportedly proceeds with an IPO roadshow targeting the week of Nov 16.
The AI trade is under pressure, with Anthropic pre-IPO perps down 9% and questions over its Nov 17 IPO. Earnings were mixed, with AAOI citing power delays.
Sources
“US stocks stage tepid recovery after $3.2tn rout fuelled by AI fears”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.