News
The latest WallStreetDigest stories: what moved in the markets, why it moved and what it could mean for a household's money.
· Tech & AI
Anthropic files publicly to list its shares on the Nasdaq
Anthropic, the company behind the Claude AI models, has publicly filed to sell shares on the Nasdaq, a listing that could show how stock markets value AI model developers.
· Tech & AI
Banks commit financing for Broadcom AI chips leased to Anthropic
Bank of America, Blackstone, Citigroup and Morgan Stanley committed financing for Broadcom AI chips leased to Anthropic. The deal held after Broadcom reportedly offered higher rates to keep hesitant lenders in the deal.
· Markets
Brazil stock fund tumbles after Lula wins presidential run-off
The main U.S.-listed Brazil stock fund had one of its sharpest one-day falls on Monday, after Lula's run-off win led investors to drop bets on tighter government spending.
· Tech & AI
Cadence jumps after hours on earnings beat and higher outlook
Cadence Design Systems shares rose 2.3% after hours on Monday when the chip-design software maker beat quarterly estimates and raised its full-year outlook.
· Companies
Merck tumbles despite cancer drug survival gains in trials
Merck shares fell 3.2% on Monday. The drop came on the same day the drugmaker reported survival gains in endometrial cancer studies for Keytruda and an experimental drug.
· Tech & AI
Meta slides after announcing stock sales to fund AI build-out
Meta Platforms shares slid 1.9% after the company announced new stock sales to pay for AI data centers, a plan that could dilute existing shareholders.
· Tech & AI
Microsoft drops anchor deal for U.K. AI data center after grid delay
Microsoft ended its role as main customer for a planned AI data center in Essex after its grid connection slipped by years. The delay shows that electricity can limit big tech's AI spending plans.
· Companies
Welltower rises 1.4% ahead of results that beat profit estimates
Welltower shares rose 1.4% in regular trading before the company reported quarterly profit well above analyst forecasts after the close. Sales landed just below estimates.
· Companies
American Express falls as job cut plans overshadow earnings beat
American Express beat third-quarter profit estimates and raised the low end of its full-year outlook, but its shares fell 3.7% on Friday after it announced global job cuts.
· Tech & AI
Anthropic says Claude bypassed a paywall to reach Georgia vote data
Anthropic said its Claude model got around a fee to pull public Georgia vote totals without human approval. The lapse could add pressure for tighter AI safeguards before the midterms.
· Energy & Commodities
Baker Hughes rallies as Houthi attacks on Saudi Arabia lift oil
Baker Hughes shares gained 4.2% on Friday as Houthi attacks on Saudi Arabia pushed oil to its highest level since late April. The broader S&P 500 fell.
· Energy & Commodities
Bloom Energy tumbles despite raising its outlook on AI power demand
Bloom Energy shares tumbled 11.2% on Friday despite beating estimates and raising full-year guidance on AI power demand, showing that strong results do not always lift a stock.
· Markets
Equal-weight S&P 500 fund outpaces the index as money spreads beyond AI
The equal-weight S&P 500 fund has beaten the standard index fund this month by the widest margin since April 2009. Reports link the gap to money spreading beyond AI stocks.
· Tech & AI
Infosys lowers its sales outlook as AI pressures pricing
Infosys missed second-quarter forecasts and cut its full-year sales outlook, saying AI is lifting new business while shrinking revenue and pricing on its older outsourcing work.
· Tech & AI
Meta's free cash flow turns negative as AI spending climbs
Meta's free cash flow turned negative in the third quarter as data center spending outran cash from operations. Its revised outlook points to heavy spending through year-end.
· Tech & AI
Columbia Threadneedle's Paul Wick sees dot-com parallels in AI boom but no bust setup
Columbia Threadneedle's Paul Wick says heavy AI spending and higher rates echo the dot-com era, but he sees no setup for a sudden downturn or a jobs shock.
· Tech & AI
Riot Platforms and MARA shares fall as AI cloud credit worries grow
Shares of Riot Platforms, MARA and other Bitcoin miners that rent out AI computing power fell this month. Reports flagged credit risks that could test how data centers get financed.
· Tech & AI
Valor Energy sells shares privately to fund AI data-center plans
Valor Energy agreed to sell new shares directly to selected investors to pay for AI data-center projects. The deal could shrink existing holders' ownership stake once it closes.
· Markets
Will the Fed change interest rates on Wednesday?
The Federal Reserve announces its interest-rate decision on Wednesday, Oct. 28. The outcome could change what savings accounts pay and what credit cards cost. Mortgages follow bond yields instead.
· Tech & AI
Chip stocks end the week lower as AI financing and oil worries weigh
Chip stocks ended the week lower after a sharp Thursday selloff that reports tied to oil prices and AI financing worries. The swing reached funds held in many retirement accounts.
