Anthropic Files for Nasdaq IPO as Meta Raises $95B for AI

Anthropic files for a Nasdaq IPO, Meta plans a $95B stock sale and chip stocks rally today. KOSPI jumps 3%, with SK Hynix results and the Fed decision up next.

TLDR

• Anthropic filed its S-1 on Monday to list on the Nasdaq under the ticker ANT. The filing shows about $16.3B of revenue in the first half of 2026.
• The Nasdaq rose 0.82% to 26,169.38 and the S&P 500 gained 0.70% to 7,676.80. The Philadelphia Semiconductor Index jumped 2.82%, with all 30 members higher.
• Meta plans to raise up to $95B in new stock to pay for AI and priced $25B of shares at $625. Nvidia is putting $3B into the offering. META fell 1.88%.
• Tesla rose 5.21% to $391.62 after Barclays upgraded it to Overweight with a $450 target.
• KOSPI jumped 3.09% and the Nikkei 1.73% on Tuesday. SK Hynix reports at 5:30 AM IST Wednesday, and the Fed decides at 11:30 PM IST Wednesday.

Market Regime

This is an AI money market. In a single session, Anthropic filed to go public, Meta said it would sell up to $95B of stock, and Broadcom lined up a $63B financing vehicle to supply AI chips to Anthropic. Bloomberg counts at least $210B across Monday’s three biggest AI deals. Traders read all of it as proof that AI demand is real, and the companies selling chips into that demand led the rally.

The risk is supply. Every dollar raised in new stock has to come from somewhere, and a wave of IPOs and share sales can pull money away from stocks already trading. The second test lands Wednesday night, when the Fed decides on rates. A hold is expected, but markets are pricing a hike in December, and the 10-year Treasury yield sits near 4.98%.

Bullish Factors

• Anthropic’s first-half revenue of about $16.3B is roughly 14 times the same period a year ago. It now brings in $2.08 of revenue for every $1 it spends on AI compute, up from $0.57 a year ago.
• Chip stocks led the day. Nvidia rose 2.39% to $216.00, Micron 2.98% to $903.70 and Broadcom 2.33%.
• Korea’s economy grew 1.0% in the third quarter against a 0.8% estimate, and the Bank of Korea said chip output will rise next year on demand for HBM memory.
• UPS, Centene and Hilton beat estimates this morning, and UPS raised its full-year sales outlook.
• Global equity funds took in $28.2B in the week to 21 October, a fifth straight week of inflows.
• Iran said it could reopen the Strait of Hormuz within 4 to 5 days if its conditions are met.

Bearish Factors

• New share supply is piling up. Meta’s raise of up to $95B and the Anthropic IPO add a large amount of stock for investors to absorb, and Jim Cramer warned that the wave could drain money from the market.
• The Fed decides at 11:30 PM IST Wednesday. A hold is expected, with a hike priced for December.
• Anthropic’s filing also showed an $80.7B net loss in the first half, mostly non-cash charges, and about 25% of revenue from two customers.
• China is weak. The CSI 300 fell 1.33% on Tuesday and is down more than 20% over four months.
• Retail options trading reached 61% of volume on Citadel’s platform, close to a record.

Asian Markets This Morning

Korea and Japan picked up where Wall Street’s chip rally left off. KOSPI jumped 3.09% to 5,638 and the Nikkei 225 rose 1.73% to 63,268 on Tuesday.

• SK Hynix rose about 5.2% to 1,341,000 won in Seoul ahead of its results, and Samsung Electronics gained about 4.2%.
• Bloomberg reported over the weekend that SK Hynix plans a special dividend of about $12B from its Kioxia stake sale.
• Korea’s stronger GDP print added to the buying in chip names.
• China went the other way. The CSI 300 slipped 1.33%, extending a slide of more than 20% over four months.

What Moved Wall Street Today

Monday’s session was all about the Anthropic filing. The Dow added 0.28% to 52,361.52, the S&P 500 gained 0.70% to 7,676.80 and the Nasdaq rose 0.82% to 26,169.38.

• Semiconductors: the SOX jumped 2.82% to 11,083.47, with every one of its 30 members higher.
• Memory: SK Hynix’s US-listed shares rose 4.09%, Western Digital 3.63%, Micron 2.98%, Seagate 2.18% and SanDisk 1.42%.
• Tesla: up 5.21% to $391.62 after Barclays moved to Overweight with a $450 target, citing a possible SpaceX merger.
• Meta: down 1.88% to $630.56 after announcing its stock sale.
• SpaceX (SPCX): down 0.40% to $146.90.

Assets in Focus

NVDA (Nvidia)

Nvidia rose 2.39% to $216.00 as the Anthropic filing lifted chips. It will invest $3B in Meta’s stock offering, and Meta will broaden its use of Nvidia’s Vera Rubin chips and networking. Spending plans from Microsoft, Alphabet and Amazon later this week are the next test. NVDA is available on CoinDCX Global Futures.

META (Meta Platforms)

Meta fell 1.88% to $630.56. It plans to raise up to $95B in stock, just days after saying it may spend up to $145B on capex this year, and priced $25B of common stock at $625 plus $12.5B of convertible preferred shares. The $625 offer price is the level traders are watching. Whale traders on trade.xyz are about 88% short. META is available on CoinDCX Global Futures.

MU (Micron)

Micron rose 2.98% to $903.70 as memory names rallied with the rest of the chip group. SK Hynix’s results on Wednesday morning are the first big memory print of the week, so Micron could move on them overnight. MU is available on CoinDCX Global Futures.

SKHY (SK Hynix)

SK Hynix gained about 5.2% in Seoul on Tuesday and reports third-quarter results at 5:30 AM IST Wednesday. A reported $12B special dividend and the central bank’s upbeat chip outlook are in the background. It is the whale favourite on trade.xyz, about 69% long. SKHY is available on CoinDCX Global Futures.

TSLA (Tesla)

Tesla rose 5.21% to $391.62 after Barclays upgraded it to Overweight with a $450 target, citing a possible merger with SpaceX. That target sits about 15% above Monday’s close. TSLA is available on CoinDCX Global Futures.

Index Levels to Watch

• Nasdaq Composite: closed at 26,169.38. Friday’s close of 25,955 is the first level below.
• S&P 500: closed at 7,676.80. Friday’s close of 7,624 is the first level below.
• Dow Jones: closed at 52,361.52. Friday’s close of 52,215 is the first level below.
• Philadelphia Semiconductor Index: closed at 11,083.47 after a 2.82% gain, the index to watch into SK Hynix results.
• META: the $625 offering price below and Friday’s close of $642.62 above.
• NVDA: Friday’s close of $210.96 below and about $222, last Wednesday’s close, above.

Disclaimer

This article is for informational and educational purposes only and does not constitute investment, financial or trading advice. Futures trading involves significant risk and may result in the loss of your capital. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Past performance is not indicative of future results. Please do your own research before making any trading decision.

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