Wall Street: AI euphoria is back – tech stocks are rising significantly

The high inflation does not depress the mood for too long: the apparently high level of interest in Anthropic's IPO as well as strong quarterly figures are motivating investors to buy tech stocks.

Dusseldorf. After the dampening inflation figures from the previous day, the US stock exchanges only know one direction: upwards. A media report about the AI ​​developer Anthropic and the figures from a data center operator also help.

The Dow Jones index of standard stocks is trading unchanged at 52,163 points.

The broader S&P 500 rose 1.25 percent to 7615 percent.

The index of the technology exchange Nasdaq gains almost two percent and is at 25,553 points.

The Nasdaq 100, which tracks the 100 largest non-financial companies with the highest market capitalization, also gained 2.6 percent to 28,461 points.

The IPO of the operator behind the AI ​​chatbot “Claude” is causing euphoria on the US stock exchanges. During the night, the British newspaper "Financial Times" reported that Anthropic's banks are striving to further increase the company's market value when it goes public. They even want to achieve a valuation of around $1.5 trillion.

Anthropic itself had reported a so-called fully diluted valuation of $1.4 trillion in its prospectus, which the Securities and Exchange Commission published on Tuesday. In addition to freely tradable shares, this also includes stock options for employees and other share packages that are tied to holding periods. The banks justify this with the high demand for the shares.

On Tuesday evening, the data center operator Coreweave also presented robust figures. The company's sales had increased significantly. In this way, the company reassures investors who are worried about Coreweave's high level of debt. The stock gained 17 percent in early trading. Other AI stocks are also gaining: Micron by seven, Marvell by 6.5 and Sandisk by ten percent.