Investing.com-- Global chipmakers and AI-related stocks rallied on Tuesday after Anthropic filed for an initial public offering (IPO), reviving optimism about AI demand.
U.S.-listed shares of SK Hynix rose 2.2% in early U.S. trading by 09:42 ET (13:42 GMT), while Micron climbed 2.3%, and Broadcom jumped 4.7%. AMD and Intel rose more than 3% each.
Neocloud stocks CoreWeave and Nebius surged 6% and 10.7%, respectively.
In Europe, ASM International rose 3.7%, and STMicroelectronics gained 4.4%. Germany's Infineon added 2.8%. BE Semiconductor surged more than 10%, though those gains primarily came after Applied Materials announced plans to raise its stake in Besi to 20% from 9%.
In Asia, South Korea's Samsung Electronics (KS:005930) shares closed 5.2% higher in Seoul trading, while SK Hynix Inc (KS:000660) climbed 4.2%.
Japanese semiconductor equipment makers Tokyo Electron (TYO:8035) rose 3.1%, and Advantest Corp. (TYO:6857) surged 9%.
Japan's top AI investor SoftBank Group (TYO:9984) shares also climbed 5%.
Anthropic, the maker of the Claude chatbot, on Monday disclosed rapid revenue growth alongside steep losses in its IPO filing, highlighting both the commercial potential of generative AI and the substantial costs of developing advanced models.
Markets now await results from major U.S. technology companies this week for evidence that AI investment is translating into sustainable profits.
Vahid Karaahmetovic contributed to this report.
Original Article
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