AI stocks rally on CoreWeave earnings as Anthropic IPO demand surges
CoreWeave's earnings lifted AI names sharply, and reports say Anthropic's IPO is heavily oversubscribed, with its pre-IPO perp implying a $1.82T valuation.
What we know
Market news accounts report CRWV +24%, MU +15%, SK hynix +11%, ORCL +10% and NVDA +4%, while Anthropic's pre-IPO perpetual rose 8% to an implied $1.82T valuation. Reports say the Anthropic IPO is multiple times oversubscribed, which is unconfirmed. CoreWeave's CEO said remaining 2027 capacity is 10x oversubscribed. The Nasdaq 100 rose more than 3%, up 9% from its low six days earlier, on short covering. Traders note some afternoon rotation out of semis, and BofA warns AI equity volatility may not reflect credit stress.
How the story developed
CoreWeave's earnings lifted AI names sharply, and reports say Anthropic's IPO is heavily oversubscribed, with its pre-IPO perp implying a $1.82T valuation.
The Nasdaq 100 is up over 3% on the day and 9% from its low six days ago, while Bitcoin lags. Institutions reportedly bought the dip.
What people are posting
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“Strong day across the AI trade as CoreWeave's earnings lifted sentiment”
View post →“ANTHROPIC MEGA-IPO IS SAID TO BE MULTIPLE TIMES OVERSUBSCRIBED”
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