Anthropic's IPO filing reveals about $417 billion in future compute spending
Anthropic had more than $112 billion in cash as of June, but the company says it may need to raise more capital later
Japan’s Nikkei share average climbed on Tuesday, buoyed by Anthropic’s IPO filing and US semiconductor index gains that lifted AI-related stocks. The Nikkei closed the session 1.91% higher at 63,374.45, after surging up to 2.4% earlier in the day. Should the momentum continue, the index would end a three-session losing streak. The broader Topix index also rose, 0.61% to 3,997.09.
According to Daisuke Hashizume, senior strategist at Daiwa Securities, the market relief came from news about Anthropic’s IPO, while major tech stocks followed a rise in the US chip index. Advantest, a chip-testing equipment maker, surged 10%, providing the biggest boost to the Nikkei. SoftBank Group, a technology investor, climbed 6.94%, while Tokyo Electron, a chip-making equipment maker, jumped 3.35%.
Anthropic’s IPO filing disclosed steep losses but also highlighted red-hot revenue growth, signaling the company's ambition to build AI systems that could reshape the global economy despite the high costs associated with the technology. The broader Philadelphia chips index rose 2.8% overnight. Typically, the Nikkei moves in tandem with the SOX index.
However, overall, only half of the stocks on the Tokyo Stock Exchange's prime market rose, with 47% falling and 2% trading flat. Leading the decline was drug maker Daiichi Sankyo, which fell 6.53%, becoming the index's biggest percentage loser.
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