Anthropic kicked off its IPO roadshow today, offering 825 million Class A shares at an expected $70–$78 range for a raise of up to $64.4 billion and a valuation around the $1 trillion mark, listing on Nasdaq under ticker ANT. AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC have agreed to a combined $26.0 billion purchase of Class N stock. Pricing is expected next week, with a live-streamed Dario Amodei / Jamie Dimon event on November 13.
Nvidia fell 4.27% to $178.67 Monday — the second-worst performer in the S&P 500 — after its board opened an independent investigation into CEO Jensen Huang's relationship with a Megaspeed executive that U.S. intelligence has identified as a Chinese intelligence asset. The board says it has no reason to believe company secrets or national security were compromised. Mizuho cut its price target to $250 from $315 while keeping Outperform; shares were up about 0.6% Tuesday. Earnings land November 17.
AMD closed up 13.26% at $508.58 after Oppenheimer upgraded to Outperform with a $600 target, citing forecast 135% data-center revenue growth next year. Separately, Google selected fifth-generation EPYC processors to anchor its new TPU 8tx systems, with AMD handling data prep and encrypted workload management. The Street's average target now sits near $617, with 30 of 34 analysts at Buy or better.
SoftBank Group posted a ¥1.12 trillion ($7.1 billion) fiscal second-quarter net loss, its first in nearly two years, as the AI-spending scare hit its top holdings. Its cumulative OpenAI investment stands at $64.6 billion for an estimated 13% stake. Reports also indicate OpenAI trimmed its current fundraising target to as much as $20 billion from an original $30 billion, with SoftBank now discussing only a several-hundred-million-dollar check.
Taiwan Semiconductor reported October revenue of NT$586.89 billion, roughly $17.88 billion, up 59.7% year over year and 14.7% from September — its highest month of 2026. January-through-October revenue is up 43.3% to NT$4.49 trillion, putting the foundry about a third of the way to its Q4 target in one month. Shares were marginally higher premarket.
Bloomberg reports Google is adding the TPU 8tx, built for confidential and regulated-industry workloads, and the TPU 8i Max, a dual-chip part with extra memory for long-context queries. Both are reworks of the eighth-gen TPU 8t and 8i unveiled at Cloud Next in April, and both ship next year. Shares rose about 2.3% premarket after closing at $288.15 Monday.
CoreWeave posts Q3 results after the close with a 5:00 p.m. call. Consensus is $3.54 billion in revenue, up about 159% year over year, against a loss near $1.16 to $1.17 per share. Guidance was $3.45–$3.6 billion, but interest expense could reach $940 million — and options traders are priced for an outsized move after a roughly 40% drawdown.
Broadcom gained 8.8% as the Philadelphia Semiconductor Index climbed more than 6% and the Nasdaq rose nearly 3%. Nvidia was the index's only decliner, leaving the AI complex in the unusual position of rallying on its bellwether's bad news as investors rotated toward merchant-silicon and custom-ASIC names.
Palantir closed at $169.20, up $8.82 or 5.50%, riding the broader AI rebound after last week's roughly $2.5 trillion drawdown across tech. The move follows guidance that lifted 2026 revenue to about $8.53 billion with fourth-quarter revenue seen above $2.6 billion.
Microchip told investors AI customers "came in and took over the whole factory," with standard lead times stretching from four-to-eight weeks out to six-to-32 weeks at outsourced assembly and test partners. Sales rose 42% year over year, but December guidance came in 1% below estimates while Texas Instruments and NXP guided flat to higher. Shares fell about 10% to $58.35 on the print.
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