Welcome to Markets Desk, here's what's moving the needle right now.
Anthropic is heading toward a blockbuster public debut, with bankers now preparing to price the Claude maker's IPO at one point five trillion dollars or more, after investor demand came in stronger than expected. That would make it one of the largest listings in recent memory, and some on the street are already calling it a potential inflection point for the broader AI trade.
Speaking of AI infrastructure, CoreWeave just posted record annual revenue of three point seven billion dollars, but the cloud computing firm is drawing scrutiny for its heavily debt-laden balance sheet. CEO Michael Intrator is defending the model, arguing that capital-intensive growth is the only way to meet hyperscaler demand, though investors are watching closely as the company signals it may re-evaluate its financing strategy.
Meanwhile, over at Nvidia, the board has brought in Wachtell, Lipton, Rosen and Katz to investigate CEO Jensen Huang. Former federal prosecutor Joon Kim is leading the probe, which centers on whether Huang was the target of a foreign intelligence effort. The investigation adds a layer of governance uncertainty around one of the most valuable companies in the world at a particularly sensitive moment for the chip sector.
That's the tape. Markets Desk, signing off the floor.
