Asian stocks surge as Anthropic IPO lifts sentiment ahead of earnings, central banks
Photo: The Straits Times
Anthropic disclosed steep loss and red-hot revenue growth in its filing for a US initial public offering. SINGAPORE - Asian stocks surged on Oct 27 as artificial intelligence bellwether Anthropic’s eagerly anticipated IPO filing lifted risk appetite ahead of tech earnings that will be a test for the AI trade, and central bank meetings that will influence near-term interest rates. Claude-owner Anthropic disclosed steep loss and red-hot revenue growth in its filing for a US initial public offering, offering clues for investors dissecting the potential payoff from massive AI spending and its profitability. James Ooi, chief market strategist at Tiger Brokers, said while Anthropic’s revenue figures were already largely known, the “decision to proceed with an IPO filing amid recent volatility in the AI trade may itself be seen as…
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First reported by The Straits Times. This page is a short excerpt; the full text is theirs.
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