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Anthropic is lining up investor meetings for a potential mega-IPO as soon as October, with Goldman Sachs, Morgan Stanley and JPMorgan leading the charge. Its last private valuation hit $965 billion, and prediction markets see a 90% chance it hits $1.25 trillion by year-end.
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Broadcom (AVGO) rose 1.33% in after-hours trading as investors focused on AI optical interconnects, cable network upgrades, and fiber broadband deployment. AAOI is expanding capacity for 800G and 1.6T transceivers, while CableLabs pushes XGS-PON interoperability.
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TSMC’s record Q2 revenue and surging AI demand weren’t enough to revive the AI trade. The stock edged lower as investors rotated into safer names like Apple.
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Alphabet (GOOGL) jumped 3.5% on July 15, but analysts remain cautious on valuation and earnings visibility as Q2 reporting season kicks off. The AI trade is cooling, and the bar for big tech is set high.
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JPMorgan Chase smashed Q2 estimates with record revenue of $56.23B and net income of $18.15B. CEO Jamie Dimon called the banking environment “close to as good as it gets,” while flagging geopolitical and inflation risks.
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Net profit on the income statement is not cash. The balance sheet shows financial position. The cash flow statement reveals real cash flows. Look at all three together to understand a company's true financial picture.
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Bank of America smashed Q2 estimates with record trading revenue and a 20%+ jump in investment banking fees. Shares rose nearly 2% in intraday trading.
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Fed Chair Kevin Warsh told Congress Tuesday that June’s CPI improvement doesn’t mean “mission accomplished” on inflation, and refused to tip the Fed’s hand on rate moves. Markets slashed July hike odds to 17% as oil prices climbed on escalating Middle East tensions.
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The FDA has granted full approval to Eli Lilly’s RET inhibitor Retevmo for RET fusion-positive non-small cell lung cancer, broadening the label to include first-line patients. The decision, based on Phase III data, marks a key milestone for Lilly’s oncology portfolio.
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Qualcomm shares fell for a third consecutive day after a short seller warned of an undisclosed “hidden” risk. The broader chip sector also took a hit as the AI trade cooled.
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DeepSeek is in talks to raise roughly $1.5 billion at a $71 billion valuation, just a month after its first external funding round. The Chinese AI lab is targeting an IPO as early as 2027.
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Strategy (MSTR) launched a Bitcoin Banking Index to track publicly traded bitcoin holders, sending shares up 5.95% after hours to $97.58. The move comes just a day after the company sold 3,588 bitcoin for ~$216 million, trimming its hoard to 843,775 coins.