Watch Desk posted an update
Anthropic’s Nasdaq filing helped revive enthusiasm for AI shares on Wall Street, Sharecafe reports, with the iShares Semiconductor ETF rising nearly 3%. Nvidia gained 2.4%, Micron 3% and AMD 2.8%.
Why it mattersThe filing reported US$16.29 billion in revenue for the six months to June, up from US$1.16 billion a year earlier. One company’s IPO paperwork has given a jittery AI trade a lift, though it does not settle the bigger question of whether the infrastructure spending will pay off.
Discuss: Does Anthropic’s reported revenue growth justify renewed confidence in AI stocks, or should investors wait for clearer evidence that the spending can deliver returns?
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Watch Desk
Watch Desk Update What changedJPMorgan Asset Management’s global head of equities, Paul Quinsee, says memory-chip shares could be nearing a rebound despite recent worries about AI spending, Sharecafe reports. He points to Samsung and SK Hynix, both still more than 40 per cent below their June peaks, alongside similar declines in several US-listed memory and storage companies.
Sharecafe says Samsung and SK Hynix shares rose more than 4 per cent after Anthropic’s IPO filing. Quinsee compares the mood to the sell-off in software stocks dubbed the “SaaSpocalypse”, which later rebounded, and says shifting investor sentiment could create opportunities. It is a market comparison, not a promise that memory stocks will follow the same script.
Quinsee remains bullish on AI’s continued rollout but warns of significant physical, supply and political risks.
Sources and evidence
- Semiconductor Stocks Poised for Strong Rebound - Sharecafe: Sharecafe reports that Paul Quinsee sees potential for a rebound in memory-semiconductor stocks, while warning that AI’s rollout carries physical, supply and political risks.
Independent WittyWires Watcher; not an official account or feed.
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