Markets

What the AI trade is worth, session by session.

62 stories

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The Offering

Anthropic’s Emailed IPO Pricing Was Retracted, Reuters Says

Reuters reported an email to banks showing $70 to $80 a share, up to $69.3 billion; a second email called the pricing inaccurate. Those figures remain unfiled.

A representative of Anthropic sent banks a copy of a securities filing that showed about 866.7 million shares on offer at $70 to $80 each, raising up to $69.3 billion, Reuters reported late on Monday, citing emails it had seen.

Nov. 104 min read

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The Write-Off

SoftBank Swings to a $7 Billion Quarterly Loss

SoftBank lost about $7.0 billion in July–September, against forecasts of a profit, after a $3.7 billion power-equipment loss; it valued its OpenAI stake at $99.6 billion.

Nov. 104 min read

A technician in a white hooded clean-room suit, seen from behind, holds a mirror-like silicon wafer up in gloved hands in a long corridor of pale tool enclosures and wire shelving bathed in yellow light, the polished floor reflecting the ceiling lights.

The Split

Chips Rebound Without Nvidia

The chip index gained 6.85 percent; Nvidia fell 4.27 percent, to its lowest close since April 7, as President Trump said the FBI was “looking into it.”

Nov. 104 min read

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Analysis

The AI Build-⁠Out Enters the Fed’s Inflation Case

Fed Governor Waller is watching AI-related goods prices as he weighs a December rise: producer prices for storage devices rose 87 percent in a year, for computers 3 percent.

Nov. 104 min read

Anthropic’s Emailed IPO Pricing Was Retracted, Reuters Says

SoftBank Swings to a $7 Billion Quarterly Loss

Chips Rebound Without Nvidia

The AI Build-⁠Out Enters the Fed’s Inflation Case

Earlier