Asia chipmaking, AI stocks surge on Anthropic IPO cheer
Asian chipmakers and AI-related stocks saw a surge on Tuesday following Anthropic's filing for an initial public offering, reigniting optimism about AI demand. Samsung Electronics in South Korea rose 4%, while SK Hynix Inc climbed 6%. In Japan, semiconductor equipment firms Tokyo Electron and Advantest Corp. saw gains of 3% and nearly 10%, respectively.
Japan's leading AI investor, SoftBank Group, also saw a rise in shares of over 6%. Chinese Semiconductor Manufacturing International Corp added 0.8% in Hong Kong trade, and Hua Hong Grace Semiconductor shares rose more than 2%. On Wall Street, Nvidia and Micron Technology saw gains of 2.4% and 3%, respectively, while CoreWeave shares rose nearly 6%.
Anthropic, the creator of the Claude chatbot, disclosed rapid revenue growth alongside steep losses in its IPO filing, underscoring both the commercial potential of generative AI and the significant costs involved in developing advanced models. Investors are now eagerly awaiting results from major U.S. tech companies this week to gauge whether AI investment is translating into sustainable profits.
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