Anthropic IPO filing lifts chip stocks, Wall Street split on $2 trillion valuation

Anthropic's IPO filing triggered a rally in AI-related stocks, with Nvidia, Broadcom, and Micron rising as the Nasdaq Composite gained 0.8%. The filing revealed first-half revenue of $16.3 billion, more than triple the $4.6 billion reported in all of 2024, but also a net loss of $80.7 billion, largely driven by a $72.4 billion non-cash charge related to convertible debt. Analysts are divided on the $2 trillion valuation, with some seeing potential for AI profit margin expansion and others expressing skepticism. The offering could allow retail investors to gain AI exposure beyond chip stocks, though retail traders currently make up only 9% of U.S. equity volume.