US tech stocks gain as AI trade revives
Better than expected CoreWeave results and the prospect of a higher IPO valuation for Anthropic boost sentiment after last week’s sell-off
TL;DR
- US tech stocks are rising, driven by a revival in AI trade.
- Better-than-expected results from CoreWeave are boosting sentiment.
- The prospect of a higher IPO valuation for Anthropic is also contributing to the positive outlook.
- These factors follow a sell-off that occurred last week.