Anthropic's prospectus excites investors, IPO imminent

Anthropic released its long-awaited IPO prospectus, disclosing that first-half revenue grew fourteenfold compared with the same period in 2025 and that cash reserves reached $112 billion, boosting market confidence in the AI rally as the Nasdaq rose more than 1%. A loss of $80 billion in the same period did not deter investors. Many expect this week's big tech earnings to further steady a volatile market wary of excessive AI spending; others warn the US may follow China, where the AI bubble is bursting and tech companies have shed nearly $500 billion in market value.