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Market move● Neutral for Indian equities
Global Markets: Tech stocks gain on Anthropic IPO optimism, offsetting high oil, yields
The brief
- Tech stocks gained on optimism about an Anthropic IPO, offsetting high oil prices and yields
- Sovereign yields are a benchmark for mortgages and corporate borrowing
- Anthropic targets valuation above $2 trillion despite $42 billion 2025 loss
- Anthropic’s seven co-founders to hold 50.1% voting power through Founder LLC
- Anthropic’s IPO prospectus presents AI as a force reshaping the global economy
- Anthropic prospectus reports $42 billion loss and $518 billion infrastructure spending plan
- OpenAI shelves GPT-6.1 Astra’s October launch over safety concerns