The tech sector (XLK) gained on Monday after AI developer Anthropic filed to go public. Chip makers Nvidia (NVDA), AMD (AMD) and Broadcom (AVGO) jumped, while Meta (META) declined after the company revealed plans to raise up to 95 billion USD to fund its AI infrastructure build-out. In the first few minutes of trading, Brent crude futures (BZ=F) fell to 110 USD per barrel and WTI (CL=F) dropped to 101 USD ahead of a key Federal Reserve policy meeting this week, with most market participants expecting rates to be held steady. Other stocks drawing reader attention on Yahoo Finance this morning included Nu Holdings (NU), Mercado Libre (MELI) and Nebius (PG).
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
IPOAnthropictech stocksFedoil prices
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Wall Street futures subdued as tech wobbles again ; Tesla gains
US stock index futures were muted on Friday (Oct 16) as tech shares came under fresh pressure over cracks in the AI trade. Tesla rose 3% premarket after unveiling a redesigned Roadster developed with SpaceX, which gained 1.2%. CoreWeave slipped 5.2% after Thursday's rebound on debt concerns, while Micron fell 2.6%. Reuters reported some investors in Anthropic's upcoming IPO are weighing a lower valuation, while Brent crude fell nearly 1% but stayed above $100 a barrel.
- Apple is catching up to Nvidia's market cap, and investors are waiting on Anthropic's IPO
Yahoo Finance's Brian Sozzi covers a day of heavy selling in tech stocks, with Apple closing in on Nvidia's market capitalization and investors awaiting Anthropic's IPO, whose S-1 filing is compared with SpaceX's IPO. The host says the market is reading several stories negatively: Tesla's $5 billion capex cut is seen as a sign of weaker AI demand, Meta's new common stock sale is viewed as a small part of the funding its AI buildout needs, and oil has risen above $114 a barrel, raising data center costs and the possibility of a Federal Reserve rate hike by year-end. Nvidia, Sandisk and Micron shares have also fallen sharply in recent sessions. He also cites a Bloomberg report that SpaceX is eyeing a deal for 80,000 cell towers, which he sees as a major move that could weigh on telecom stocks such as Verizon, AT&T and T-Mobile.
- Anthropic IPO Coming, So Are "Mag 7" Q3 Reports
Anthropic, the parent of Claude AI, has filed for an IPO to trade on Nasdaq under the ticker ANT, with Goldman Sachs and Morgan Stanley as underwriters; the first S-1 has no valuation or offering size yet, but estimates put market cap around $1.5 trillion, perhaps as high as $2 trillion. This week, the Personal Consumption Expenditures (PCE) report due Thursday is expected to show September inflation at +3.7% on headline and +3.1% on core, above the prior +3.4% and +3.0%. The Fed's two-day FOMC meeting concludes Wednesday, with no move expected and the rate range holding at 3.75–4.00% after September's 25 basis-point hike. Microsoft and Alphabet report Wednesday after the close and Amazon on Thursday afternoon; Verizon beat bottom-line estimates with EPS of $1.31 on slightly weaker-than-expected revenue of $34.31 billion, while Alliance Resource Partners posted EPS of $1.10 against $0.82 expected.
- Warsh avoids rate guidance; Tesla’s Roadster turns in air - what’s moving markets
Federal Reserve Chair Kevin Warsh declined to give specific interest-rate guidance ahead of the October policy meeting, but said he had discussed mounting inflation pressures with other central bankers. U.S. stock futures edged higher after the main averages rose on Thursday, recovering from an AI-driven selloff earlier in the week, while CoreWeave shares stabilized after a sharp slide. Reuters reported that some investors are weighing a lower valuation for Anthropic's potential IPO, about $1.5 trillion versus around $2 trillion previously, after the company said third-quarter revenue rose 45% to $16.8 billion, though growth slowed sequentially. Bloomberg reported Taiwan is considering much stricter export controls on AI chip sales to China. Tesla also unveiled a redesigned Roadster that used SpaceX rocket technology to jump off a ramp and perform a controlled landing.
- Stock market today: Dow, S&P 500, Nasdaq futures fall as oil climbs, investors weigh Tesla, Meta earnings
US stock futures fell Thursday, led by the tech sector (XLK), as oil rose to a five-month high and investors weighed earnings from Tesla (TSLA) and Meta (META). Dow Jones futures dropped 0.7%, S&P 500 futures fell 1%, and Nasdaq-100 futures declined 1.7% as semiconductor stocks slid, reversing Wednesday's gains. Meta announced a 2-for-1 stock split, giving Class A shareholders one non-voting Class C share, and its stock fell in pre-market trading. Tesla shares dropped despite an earnings beat, as investors weighed lower 2026 capex against higher spending in 2027 and 2028 on Optimus, Cybercab and Terafab. According to people familiar with the plans, Anthropic (ANTH.PVT) could file its S-1 as soon as Friday, paving the way for what could be the largest IPO in history, while Brent crude jumped after a deadly attack at a Saudi Arabian oil field and WTI traded above $98 a barrel.
- MARKETS LIVE : Wall Street ends volatile week with tech sell - off
Wall Street ended a volatile week lower on Friday as selling in technology stocks pushed the Nasdaq Composite down 2.1% to 26,140, with the S&P 500 down 1.1% to 7,659 and the Dow off 0.3% at 52,002. For the week, the Nasdaq lost 4.5%, its worst weekly performance since late June, while the Dow gained 0.7% as investors rotated out of tech. Brent crude touched $110 a barrel for the first time since May as Iran escalated attacks in the Strait of Hormuz. Netflix is replacing its chief content officer after announcing layoffs affecting 6% of its workforce, and Anthropic is reportedly valued by some investors at about $1.5 trillion ahead of its November IPO, below earlier expectations of $2 trillion.
Related markets
Latest news
- Retiree Alleges Morgan Stanley Covered Call Strategy Cost Him His Apple and NVIDIA Shares; Reif Law Group Files Financial Elder Abuse Claims
Reif Law Group filed a petition in San Diego County Superior Court seeking FINRA arbitration against Morgan Stanley Smith Barney LLC and advisor Nicholas S. Westendorf on behalf of Michael J. Massery, a 77-year-old retiree. The petition alleges the firm placed him in a covered call strategy meant to protect his stock, then kept rolling the options for four years after he asked in writing to exit, until his Apple and NVIDIA shares were called away. Over more than 200 option transactions, the cost of exiting allegedly grew from about $434,000 to about $1 million. In December 2024, roughly 8,000 NVIDIA and 9,000 Apple shares were called away at strike prices far below market value, followed by a tax bill on the gains. The petition quotes an advisor's email stating the investor should have never been put into this strategy.
- Bretton Fund’s Views on Mobility Global (MBGL)
The Bretton Fund's Q3 2026 letter reports a -1.75% return for the quarter, versus +2.30% for the S&P 500. Microsoft and SAP were the strongest contributors, while Eagle Materials and Dream Finders Homes were hurt by a delayed housing recovery. The letter highlights Mobility Global (NYSE:MBGL), spun off from S&P Global at the start of July and renamed in February 2026, and says management judged its auto business to have little overlap with S&P Global's capital markets businesses. The stock closed at $18.76 on October 23, 2026, with a market capitalization of $5.53 billion, and returned 5.63% over the past month. Three hedge fund portfolios held it at the end of the second quarter, versus zero in the previous quarter.
- Elon Musk Warns Of 'Guppy-Level Death' For Hundreds of AI Cloud Firms. Others Are Not so Sure.
Elon Musk warned that more than 200 specialized AI cloud companies, known as neoclouds, could face widespread failures and consolidation as financing becomes harder to obtain. He said debt markets have almost entirely closed to firms without substantial revenue outside the AI data center business. CoreWeave and Nebius each lost more than 30% of their market value this month, and IREN fell about 40%, as the cost of insuring CoreWeave's debt against default rose sharply. Recent deals include CoreWeave's $4.2 billion convertible notes, a $3.5 billion Citi facility for Nebius and $2.8 billion in GPU financing for IREN. Nvidia and industry executives, however, say demand for computing power remains strong.
- JetBlue Airways Tumbles 16% as Creditors Hire Restructuring Advisers; United Airlines Rises 3%, Delta Edges Higher
JetBlue Airways shares fell 16% to $2.22 after a creditor group preparing for a possible restructuring hired restructuring advisers, according to a Wall Street Journal report; the group includes holders of senior bonds and a first-lien loan. Those bonds, backed by collateral tied to the loyalty program, have fallen to record lows. JetBlue has not commented on the hirings, and its CEO said in April the company was not considering bankruptcy this year. Meanwhile, United Airlines rose 3% to $100.75, Delta Air Lines rose 2% to $78.19, and the U.S. Global Jets ETF gained 0.8%. The article points to JetBlue's third-quarter 2026 report as the next key test.
- 98% Of Nvidia Analysts Have “Buy” Rating
Most analysts remain bullish on Nvidia: 54 of 55 on MarketBeat and 59 of 62 on Stock Analysis, a range of over 95% to 98%. The average price target is $325, versus a current price of $211, implying a potential rise of about 54%. The stock is up 725% over five years but has not beaten the S&P 500 this year. Revenue in the latest quarter rose 106% to $96 billion, yet skeptics such as Apollo economist Torsten Slok argue AI spending has delivered no financial payoff outside tech. Critics also say Nvidia's demand partly depends on its investments in its own chip customers, and by one count, communities opposed to data centers have delayed 200 of them this year.
- South Korea weighs fourth delay on its crypto gains tax, pushing it to 2029
South Korea is leaning toward delaying its crypto gains tax, due to start in January, until 2029, which would be a fourth postponement. Officials are concerned that users of domestic exchanges would bear most of the burden because the U.S. will not share crypto trading data until 2029, and one official said almost half the crypto market is in the U.S. Deputy Prime Minister Koo Yun-cheol had said in July the tax would take effect in January 2027, but his successor, Lee Hyung-il, said he would gather views from parliament, experts and industry. Under current rules, annual net income from crypto transfers or lending is taxed at 20%, or 22% including local income tax, after a 2.5 million won ($1,887) deduction. Parliament must approve the change, with a final decision expected by early December.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.