Chip and AI stocks in Asia rallied on Tuesday after Anthropic filed for an IPO, reviving hopes for AI demand. By 03:25 GMT, Samsung Electronics (KS:005930) rose 4% and SK Hynix Inc (KS:000660) climbed 6%; in Japan, Tokyo Electron (TYO:8035) gained 3%, Advantest Corp. (TYO:6857) jumped nearly 10% and SoftBank Group (TYO:9984) rose more than 6%. In Hong Kong, SMIC (HK:0981) added 0.8% and Hua Hong Grace Semiconductor (HK:1347) rose over 2%. Overnight on Wall Street, Nvidia (NASDAQ:NVDA) gained 2.4%, Micron Technology (NASDAQ:MU) rose 3% and CoreWeave (NASDAQ:CRWV) climbed nearly 6%. Anthropic, maker of the Claude chatbot, disclosed rapid revenue growth alongside steep losses in its IPO filing on Monday, highlighting both the commercial potential of generative AI and the high cost of developing advanced models; markets now await this week's results from major U.S. tech companies to see whether AI investment is turning into sustainable profits.
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NVDAsemiconductorsartificial intelligenceIPOAnthropicAsia
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▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/26/2026 | 215.98 |
| Change that session | +2.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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Anthropic publicly filed its S-1 on Monday and is set to list next month, earning revenue from subscriptions and usage-based token fees, with its Claude Code platform cited as the key driver of growth. The filing's risk section runs more than 90 pages, ranging from the potential to 'destabilize the geopolitical order' to technology exceeding the ability of 'humans to understand and control.' Revenue reached $16.3 billion in the first half of 2026, about 14 times the same period a year earlier and three and a half times its full-year 2025 revenue. The $80.7 billion first-half net loss includes a non-cash accounting charge of $72.4 billion; excluding it, the net loss is $8.3 billion, the operating loss narrowed from $2.1 billion to $693 million, and Q2 posted a $974 million operating profit. The author says he will pass on the IPO, citing concerns that Anthropic may lack a durable moat as AI models become commodities, pressuring prices while the company keeps spending heavily on its next model.
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Anthropic is still pressing ahead with its IPO as planned in the middle of next month after making its prospectus public as early as late October, though people familiar with the matter say the plans and dates could change. The offering would test whether Anthropic can achieve a potential valuation of about US$1.5 trillion amid an AI market selloff, with marketing to investors expected the week of Nov. 9. Other AI infrastructure and data center issuers, including Switch, Nscale, SB Energy, AirTrunk REIT and Firmus, have delayed or paused their listings as rising rates and AI share and bond selloffs weigh on the sector, and Oura's recent IPO drew little long-only investor participation. Anthropic did not immediately respond to a request for comment.
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