Money
Funding, acquisitions, earnings, valuations and layoffs.
Anthropic prices its IPO at up to a $1.4 trillion valuation
Anthropic sets IPO price range of $70 to $78 per share, targeting a valuation of up to about $1.4 trillion on a fully diluted basis
Nvidia drops 5% as board probes CEO Jensen Huang
Nvidia down about 5% in premarket after board opens independent probe into CEO Jensen Huang; Nasdaq futures dip in and out of the red
OpenAI reportedly valued at $1.25 trillion
OpenAI reportedly raises $11B so far at a $1.25 trillion valuation, per Bloomberg; round has not closed
Nasdaq has its worst day in 18 months after the midterms
Nasdaq falls into correction as investors price in tougher AI and data center scrutiny after the midterms; SpaceX and Qualcomm slide
Apple's record quarter comes with a memory price warning
Apple reports record $114.5B September quarter revenue, up 12%, and warns memory chip price increases are 'unprecedented'
Sam Altman Flew to Seoul Unannounced to Meet Samsung
Sam Altman made an unannounced weekend visit to South Korea and met about 50 Samsung executives; South Korean media report he also met SK Group's chairman, which SK Hynix could not confirm
Reddit stock drops 29% in its worst day ever
Reddit stock falls 29.22%, its worst day since going public, after weak Q4 sales guidance; company also plans to test login requirements
Alphabet drops 9% while Microsoft climbs on AI
Alphabet falls on unchanged 2026 capex and a flagged 2027 increase; Microsoft rises 4% on 48% Azure growth