This week, Anthropic's S-1 filing has revitalized the AI sector, causing a notable uptick in various stocks. The iShares Semiconductor ETF (SOXX) rose by 8%, while the Roundhill Memory ETF (DRAM) surged 13%. Cybersecurity stocks also saw gains, with the iShares Cybersecurity & Tech ETF (IHAK) increasing by 3%.
Analysts, including Jay Woods from Freedom Capital Markets, suggest that the market's optimism could persist as traders anticipate the potential of Anthropic's IPO. However, caution remains as past IPOs have often underperformed, with SpaceX being a recent example.
Broadcom, a key partner of Anthropic, is expected to benefit significantly, having created a special purpose vehicle to finance $63 billion in chips for the company. Shares of Broadcom rose 8% this week. Other companies like CoreWeave and Nebius Group also saw increases, with shares up nearly 12% and over 8%, respectively.
Major investors in Anthropic, such as Amazon and Alphabet, have committed substantial funds, with Amazon investing up to $25 billion and Google up to $40 billion. Additionally, funds like the American Funds' The Growth Fund of America (AGTHX) and the T.
Rowe Price Capital Appreciation Equity ETF (TCAF) have significant exposure to Anthropic, further indicating the widespread interest in the upcoming IPO