Asian stocks rise as AI enthusiasm returns with Anthropic IPO

The Irish Times · Irlanda · Prensahace 1 día

Asian stocks surged on Tuesday as AI 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 a 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.

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 a vote of confidence,” said James Ooi, chief market strategist at Tiger Brokers. Also boosting sentiment was Meta Platforms’ plans to raise up to $95 billion in its largest-ever equity fundraising.

In stocks, tech-heavy South Korea’s KOSPI gained more than 3.9 per cent in its steepest one-day jump since early February. Still, the…

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