‘The blood is in the streets’: Nasdaq plunges as US midterms rattle SpaceX and Nvidia Markets The Nasdaq index was plunging into the red on Thursday after the US midterms rattled AI-related stocks including Nvidia, Oracle and SpaceX. The tech-heavy index, which tracks 100 of the largest non-financial companies, sank more than five per cent to around 24,416 points. Chipmakers Nvidia and Broadcom each helped lead losses down eight and nine [...]
Anthropic’s growth slows ahead of IPO as AI spending bill nears $900bn Tech Anthropic’s revenue has surged twelvefold to nearly $17bn (£13bn), but the AI giant has slipped back into the red as its computing commitments approach $900bn ahead of a potentially record-breaking stock market debut. The Claude maker revealed the figures in an updated IPO filing on Monday, offering investors a fresh look at its finances just [...]
Broadcom tightens grip on AI infrastructure with Anthropic, Google deal Tech Broadcom’s latest agreement with Anthropic and Google strengthens the chipmaker’s position as one of the key firms sitting underneath the AI boom, as AI firms race to lock in even larger amounts of compute. Under the new arrangement, Anthropic will have access to multiple gigawatts of Google tensor processing unit (TPU) capacity from 2027, while [...]