Anthropic has selected Morgan Stanley and Goldman Sachs to lead its initial public offering, with JPMorgan Chase also working on the deal, Bloomberg reported on Tuesday. The Claude developer is weighing going public as soon as October after filing conf…
IBM stock surged 10% on Monday after Barclays initiated coverage with an overweight rating and a $350 price target, roughly 11% above the opening price. The jump extends a run that has seen IBM gain nearly 30% in May alone, its best monthly performance…
A rally that carried space-related stocks to extraordinary gains this year is showing serious cracks. The Procure Space ETF, which trades under the ticker UFO, has dropped almost 11% in just two sessions. Intuitive Machines and Rocket Lab have each fal…
Anthropic has confidentially submitted draft registration paperwork for an initial public offering with the Securities and Exchange Commission, the company announced in a blog post on Monday. The number of shares to be offered and the price have not be…
The AI boom has created a two-speed startup economy. Companies building on generative AI are raising at historically unprecedented valuations, while startups that last raised capital before ChatGPT launched in November 2022 are watching their worth col…
Dell spent years being valued as a maker of laptops and storage boxes, a solid, unexciting business in a mature market. The AI build-out has rewritten that story in a single quarter. The company’s shares have climbed around 40% across the run into and …
Every finance vendor with a pulse has slapped “AI-powered” on their homepage in the last 18 months. Most of them are exaggerating, not maliciously, but loosely. They’re calling forecasting “modeling,” trend extension “intelligence,” and pattern matchin…
For many participants across insurance and property ecosystems, current valuation challenges did not emerge from a single moment or event. Multiple economic cycles, demographic shifts, evolving construction practices, and changing consumer expectations…
The Nikkei broke 65,000 for the first time on Monday, and SoftBank, the listed proxy for both OpenAI and Arm, did much of the lifting. SoftBank Group shares hit a record high in Tokyo on Monday, carrying the Nikkei 225 above 65,000 for the first time a…
$21.6bn quarter, AI revenue nearly doubles, full year crowned the best in the company’s history. Lenovo posted Q4 revenue of $21.6bn, up 27% year-on-year and roughly $2.2bn ahead of consensus, sending shares up about 15% on Friday in Hong Kong. Net pro…