AI Investment Sentiment Recovers on Anthropic IPO… Nasdaq Rises 1.18%... New York Stock Exchange Closes Firm - Jaekyung Ilbo
Article excerpt
Anthropic's plans for an initial public offering and a $63 billion AI infrastructure financing structure by Broadcom have boosted investor sentiment in technology stocks and pushed New York stock exchanges higher for the second consecutive day. While semiconductor stocks rose across the board, the market's focus now turns to the quarterly earnings of major tech giants and the Federal Reserve's interest rate decision. The New York stock exchanges closed with gains on the 27th (local time), led by technology stocks. The Dow Jones Industrial Average rose 15.99 points (0.03%) at the New York Stock Exchange to 52,377.57 points. The S&P 500 added 45.83 points (0.60%) to 7,722.60, while the Nasdaq Composite climbed 308.43 points (1.18%) to 26,477.81 points. The Philadelphia Semiconductor Index surged 3.60%, recording gains for the third consecutive day. All 30 stocks included in the index advanced, and SK Hynix's American Depositary Receipt (ADR) also rose 1.92%. Expectations of growing demand in the field of artificial intelligence triggered a broad buying wave in semiconductor stocks. The news of the targeted initial public offering (IPO) by generative artificial intelligence company Anthropic has rekindled investment expectations in the AI sector. After Anthropic had already confidentially submitted a draft for the IPO (S-1) to the US Securities and Exchange Commission in June...
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To support the expansion of Anthropic's AI computing power, Broadcom has set up a $63 billion financing structure with Bank of America, Blackstone, Citigroup, and Morgan Stanley.
