Urgent.News

What's breaking now, across thousands of outlets.

Business

Wall Street: KI-Euphorie ist zurück – Tech-Aktien legen deutlich zu

Die hohe Inflation drückt die Stimmung nicht allzu lange: Der offenbar hohe Andrang auf den Börsengang von Anthropic sowie starke Quartalszahlen motivieren Anleger zum Kauf von Tech-Aktien.

Wall Street: KI-Euphorie ist zurück – Tech-Aktien legen deutlich zu

Since the dampening inflation figures from the previous day were released, US stock markets have been on an upward trajectory again. This upward trend was further boosted by a report about the AI developer Anthropic, as well as data from a data center operator. The Dow Jones Industrial Average, which tracks large US companies, remains at 52,163 points.

The broader S&P 500 index has risen by 1.25 percent to 7,615 points. The technology-heavy Nasdaq index has gained nearly 2 percent, sitting at 25,553 points. The Nasdaq 100, which includes the 100 largest non-financial companies by market capitalization, has increased by 2.6 percent to 28,461 points. The trading of Coreweave, the company behind the AI chatbot "Claude," has sparked euphoria on US stock markets.

According to the British newspaper "Financial Times," banks are hoping to further increase the company's stock price at its upcoming IPO, potentially reaching a valuation of around $1.5 trillion. Anthropic's prospectus, published by the stock exchange regulator on Tuesday, estimated a diluted valuation of $1.4 trillion, including both freely tradable shares and employee stock options tied to vesting periods.

Banks justify this high valuation with strong demand for the company's shares. Coreweave's robust financial results released on Tuesday evening also reassured investors who were concerned about the company's high debt levels. The stock surged by 17 percent in early trading. Other AI stocks have also gained: Micron Technology is up 7 percent, Marvell Technology by 6.5 percent, and SanDisk by 10 percent.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

More from Wednesday 11 November →