On Tuesday, 10 November, Anthropic filed a range of $70 to $78 for 825 million shares. That evening, the Financial Times reported that bankers expect to price above $78, lifting the target to $1.5tn or more. On Wednesday, Bloomberg reported that the book was several times oversubscribed.
OpenAI bets on consumers, apps and ads. Anthropic focuses on tools for businesses.
Meanwhile, earnings forecasts are rising as semiconductor valuations fall, and more. Each week, the Syz investment team takes you through the last seven days in seven charts.
On 5 November, markets gave a harsh first verdict on the elections: the Philadelphia Semiconductor Index fell 12.3%, as investors weighed what Democratic gains in state governments could mean for the cost and pace of the data centre build-out, at a time when local communities already question its impact on electricity bills.
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OpenAI bets on consumers, apps and ads. Anthropic focuses on tools for businesses.
On 5 November, markets gave a harsh first verdict on the elections: the Philadelphia Semiconductor Index fell 12.3%, as investors weighed what Democratic gains in state governments could mean for the cost and pace of the data centre build-out, at a time when local communities already question its impact on electricity bills.
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Equities: Wall Street posted its first winning week since early October. The S&P 500 rose 2.5% to 7,562 (+10.5% YTD), the Nasdaq 2.3% (its best week since August) and the Dow 2.1%. Gains faded on Friday as chipmakers sold off. Nvidia lost roughly 12% on the week after Jensen Huang resigned as CEO, and its market value fell below $4trn. Fixed income: U.S. Treasuries sold off hard this week. The 10-year yield climbed about 27bp to 5.13% and touched 5.17%, its highest since October. Forex: The dollar index reached its strongest level since April 2025. EUR/USD sank toward 1.11, while USD/JPY hit 160, reviving the risk of Japanese intervention.
On Tuesday, 10 November, Anthropic filed a range of $70 to $78 for 825 million shares. That evening, the Financial Times reported that bankers expect to price above $78, lifting the target to $1.5tn or more. On Wednesday, Bloomberg reported that the book was several times oversubscribed.
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