Tech stocks rose in early trading Thursday, as the Nasdaq climbed roughly 0.75%. <\/p>\n
Anthropic investors are reportedly targeting a record-shattering $2 trillion IPO, according to The Financial Times<\/a>. That amount would easily surpass SpaceX’s public offering making it the largest IPO in history. <\/p>\n The company is expected to hit the market this fall. <\/p>\n Shares of AI infrastructure companies CoreWeave (CRWV<\/a>) and Supermicro (SMCI<\/a>) soared on Wednesday after posting earnings results that appeared to confirm that the AI buildout is going strong for now. <\/p>\n CoreWeave stock climbed nearly 20% as it narrowed Q2 losses per share and said its sales backlog stands at $104 billion, with another $25 billion commitments already earmarked for Q3. <\/p>\n Supermicro, meanwhile, topped earnings projections and provided a robust Q1 outlook. Shares also rose about 20%. <\/p>\n Outside of earnings, jury selection began Wednesday in a landmark social media lawsuit filed by a coalition of 29 state attorneys general against Meta in an Oakland, Calif. federal court. <\/p>\n The attorneys general have accused Meta of purposely designing its apps to keep users coming back through capabilities like infinite scroll. Meta has denied wrongdoing. <\/p>\n Opening arguments kick of Aug. 18. <\/p>\n","protected":false},"excerpt":{"rendered":"Tech stocks rose in early trading Thursday, as the Nasdaq climbed roughly 0.75%. Anthropic investors are reportedly targeting…\n","protected":false},"author":2,"featured_media":138870,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[8595,53,309,148,980,1151,1303,1020,8596,1304,1305,8597,8598,2545,1026,3050,8599,1016,1306,1307,1017,8600,4700,8601],"class_list":["post-138869","post","type-post","status-publish","format-standard","has-post-thumbnail","category-anthropic","tag-401k","tag-anthropic","tag-business","tag-business-news","tag-economy","tag-finance","tag-financial-information","tag-investing","tag-investment-tools","tag-investor","tag-market-news","tag-mortgage","tag-mutual-funds","tag-personal-finance","tag-quote","tag-real-estate","tag-retirement","tag-stock","tag-stock-research","tag-stock-valuation","tag-stocks","tag-suze-orman","tag-tax","tag-track-portfolio"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/138869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=138869"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/138869\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/138870"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=138869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=138869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=138869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}