Tech stocks today: Anthropic files for IPO before OpenAI, Nvidia buoys tech sector

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':"";if(r){var a=n.promos.showYahooLogo?"":"yns-no-logo";r=r.replace("{notifOnboardBtnLabel}",n.promos.notifOnboardBtnLabel).replace("{notifOnboardMsg}",n.promos.notifOnboardMsg).replace("{subscriptionTopic}",n.promos.subscriptionTopic).replace("{noLogoClass}",a).replace("{promoLogo}",n.promos.promoLogo)}var s=t.newCount>n.panel.maxCount?t.newCount:"",c=n.panel.notificationCenterPath,l=c?"":R,u=n.panel.headerMsg?"":" "+R,d=c?U:"",p=void 0;t.count?p=t.markup:p='{emptyPanelMsg}'.replace("{emptyPanelMsg}",n.panel.emptyPanelMsg);return e=e.replace("{notifMarkup}",p).replace("{promoMarkup}",r).replace("{hideClass}",l).replace("{notifCenterLink}",c).replace("{paddingClass}",d).replace("{headerMsg}",n.panel.headerMsg).replace("{hideHeaderClass}",u).replace(/{notificationCenterNavMsg}/g,n.panel.notificationCenterNavMsg).replace(/{newCount}/g,s)}},{key:"render",value:function(e,t){var n=this;if(n._panelNode){var o=void 0,i=n._panelNode,r=void 0,a=void 0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',a=n._store.getNotifications(),r=n._generatePanelMarkup(o,a),i.innerHTML=r;break;case"error_panel":r=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=r}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),j=function(){function e(t,n,o){E(this,e);var i=this;i._store=n,i._view=o,i._config=t;var r=i._config.panel;i._panelParentNode=document.querySelector(r.parentSelector),i._badgeNode=i._config.badge.selector&&document.querySelector(i._config.badge.selector),i._indicatorNode=r.indicatorSelector&&document.querySelector(r.indicatorSelector)}return C(e,[{key:"createPanelParentNode",value:function(){this._view.createPanelParentNode(this._panelParentNode),this._notifPanelNode=document.getElementById(P)}},{key:"refreshPanelNode",value:function(e,t){var n=this;M(n._notifPanelNode,B),n._store.fetchNotifications(e,(function(e,o){var i=window.wafer&&window.wafer.base;i&&i.destroy(n._notifPanelNode),e?n._notifPanelNode.innerHTML||(n._view.render("error_panel"),M(n._notifPanelNode,B)):(n._view.render("expanded_panel"),n._view.updateBadgeNode(n._badgeNode),n._showBadge(),n._showIndicator(),n._view.addStyles(o.css)),I(n._notifPanelNode,B),i&&i.sync(n._notifPanelNode.parentNode),t&&t(e,o)}))}},{key:"resetBadge",value:function(){var e=this;e._store.resetNewCount(),e._view.updateBadgeNode(e._badgeNode),M(e._badgeNode,e._config.badge.hideClass)}},{key:"_showIndicator",value:function(){this._indicatorNode&&(this._store.getNotifications().newCount?M(this._indicatorNode,this._config.panel.indicatorClass):I(this._indicatorNode,this._config.panel.indicatorClass))}},{key:"_showBadge",value:function(){var e=this;e._store.getNotifications().newCount?I(e._badgeNode,e._config.badge.hideClass):M(e._badgeNode,e._config.badge.hideClass)}}]),e}(),F={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0,bypassEligibleClassCheck:!1,notifOnboardBtnLabel:"Notify Me",notifOnboardMsg:"Get alerts for breaking news and top stories",promoLogo:"https://s.yimg.com/cv/apiv2/ae/news/circle_bell.png",showYahooLogo:!0,subscriptionTopic:"gondor_homerun_news"},badge:{hideClass:"",maxCount:5,selector:""},panel:{emptyPanelMsg:"You have no new 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n=e.getConfig();if("smartphone"===n.device){if("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=ae())&&(oe[n]||(oe[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");te("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){zt(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var 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n,o,i,r=e.getConfig();if(t.ybar&&["desktop","tablet"].includes(r.device)&&(null===(n=r.bucketConfig)||void 0===n?void 0:n.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){t.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=t.searchForm)||void 0===i||i.classList.add(Ft[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Ft.overlay,Ft[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(t.searchForm,"focusout",(function(e){if(t.searchForm&&t.searchInput){var n=e.relatedTarget;n&&!t.searchForm.contains(n)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,o),Vt(e,o),o.searchGradientBorder){var i=!1;o.searchInput.addEventListener("keydown",(function(e){var 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raft of labor data offers insight into how artificial intelligence is affecting the workforce, more chip and cybersecurity companies release their quarterly results, and the world’s chip giants descend on Taiwan for the annual Computex Taipei conference.On June 1, Nvidia CEO Jensen Huang delivered his keynote address at the chip summit, where he stated that “AI is now a profit generator” and expanded upon the company’s products. Huang unveiled a new processor — RTX Spark — for Windows laptops and said that it’s ramping production of its Vera Rubin AI platform.In the private markets, Anthropic (ANTH.PVT) filed confidential paperwork with the Securities and Exchange Commission to go public, beating rival OpenAI (OPAI.PVT) to the punch. Last week, Anthropic announced that it had completed its Series H funding round, valuing the company at $965 billion, making the Claude Code creator the most valuable AI startup in the world.Investors continue to assess what the looming mega IPOs from Anthropic, OpenAI, and SpaceX (SPAX.PVT) mean for the booming AI and tech trade.LIVE 8 updates6 mins agoGrace O'DonnellAlphabet announces it plans to raise $80 billion for AI expenses, selling $10 billion in stock to Berkshire HathawayAlphabet (GOOG, GOOGL) stock edged 2% lower in premarket trading after the company announced late Monday that it plans to sell $80 billion in stock to help pay for its artificial intelligence build-out.In a statement, the company said it will offer $30 billion in underwritten public offerings and $40 billion directly to Class A common shareholders and Class C capital shareholders over time, beginning in the third quarter of this year.The remaining $10 billion was sold to Berkshire Hathaway, the global holding company founded by Warren Buffett and that is now led by Greg Abel.Alphabet said the proceeds will be used “for general corporate purposes, including capital expenditures to scale AI infrastructure and global compute.”“The company is experiencing strong demand for its AI solutions and services from enterprises and consumers, at levels that are exceeding the company’s available supply,” it added. “By scaling its investments, the company seeks to expand its foundational infrastructure to support the significant growth opportunity ahead.”Alphabet plans to spend $180 billion to $190 billion in capital expenditures in 2026, and capex is expected to “significantly increase” from that level in 2027.21 mins agoGrace O'DonnellMarvell Technology surges after Nvidia's Huang calls it 'next trillion-dollar company'Marvell Technology (MRVL) stock surged 21% in premarket trading on Tuesday ‌after Nvidia CEO Jensen Huang called the ‌chipmaker the next "trillion-dollar company."Reuters reports:Huang and Marvell CEO Matt Murphy were ​speaking at the Computex week in Taipei on Tuesday.Marvell's market capitalization, as of last close, was just short of $192 billion, far below the one-trillion mark ‌that Huang touted.Earlier ⁠this year, Nvidia invested $2 billion in Marvell, as part of its efforts to ⁠make it easier for customers to use the custom artificial intelligence chips that the smaller company ​designs with ​Nvidia's networking gear and ​central processors.Marvell last week ‌forecast that its custom chips business would surpass $10 billion in revenue in fiscal 2029, as cloud companies expand AI data centers.Read more here.Mon, June 1, 2026 at 8:42 PM UTCGrace O'DonnellHPE stock soars 30% higher as AI boom accelerates financial goalsReuters reports:Hewlett Packard Enterprise posted record second quarter results on Monday, prompting the company to accelerate its long-term financial goals by two ‌years, as expansion of AI data centers boosts demand for its servers and ‌networking products.Shares of the company rose 30% in extended trading after HPE also appointed Elliott Investment Management partner ​Christopher Hsu to its board in connection with their cooperation agreement.Read more here.Mon, June 1, 2026 at 8:40 PM UTCGrace O'DonnellSoftware stocks gain after Nvidia's Jensen Huang rebuts SaaSpocalypse storySoftware stocks swung higher on Monday after Nvidia CEO Jensen Huang pushed back against fears of software company obsolescence during his keynote address at an event ahead of the Computex Taipei chip summit.“A lot of people have said, you know, … agentic AI is coming, therefore all of the software companies are going to go out of business. I said it's exactly the opposite because there are going to be so many agents, the world is no longer limited by the number of people, therefore those agents are going to use more tools than ever,” Huang said.“This is actually an incredible time to be a software company, but the software has to be presented to the agent in a way that the agent can use it,” he added.Earlier today, Yahoo Finance’s Brian Sozzi pointed out that the iShares North American Tech-Software ETF (IGV) closed above its 200-day moving average on Friday for the first time since Jan. 7.Software stocks posted strong gains on Monday, with shares of Salesforce (CRM), ServiceNow (NOW), and Snowflake (SNOW) rising 9%.Mon, June 1, 2026 at 5:04 PM UTCDaniel HowleyAnthropic files confidential paperwork to go public ahead of OpenAIAnthropic (ANTH.PVT) on Monday said that it filed confidential paperwork with the Securities and Exchange Commission to go public, beating rival OpenAI (OPAI.PVT) to the punch.The company said the number of shares it will offer and the stock’s price haven’t been set yet.“This gives us the option to go public after the SEC completes its review,” Anthropic said in a statement. “The proposed initial public offering will depend on market conditions and other factors.”The announcement comes just days after Anthropic said it raised $65 billion in its latest funding round at a valuation of $965 billion, pushing it past OpenAI, which was last valued at $852 billion in March.Read more here.Mon, June 1, 2026 at 11:34 AM UTCDaniel HowleyNvidia debuts RTX Spark processor for Windows laptops, taking aim at Intel, AMDNvidia (NVDA) is taking aim at Intel (INTC) and AMD (AMD) with the debut of its RTX Spark superchip for Windows laptops. The processor, which includes a Blackwell GPU and Grace CPU, will power laptops from manufacturers including ASUS, Dell (DELL), HP (HPQ), and Microsoft (MSFT) when it lands this fall.Unveiled during Nvidia’s GTC Taipei event, the RTX Spark, which is also coming to small desktops, is meant for customers running AI applications, content creators, and, importantly, gamers.Nvidia CEO Jensen Huang introduces the RTX Spark laptop during his keynote speech at Computex 2026 in Taipei on June 1, 2026. (I-Hwa Cheng / AFP via Getty Images) · I-HWA CHENG via Getty ImagesAccording to the company, the RTX Spark will pack upward of 128GB of memory, a massive amount for any laptop.Memory serves as a kind of temporary holding area for data the CPU needs to access quickly. Generally, the more memory, the better the overall performanceMost laptops generally pack 16GB of memory, though higher-end systems, like a top-of-the-line MacBook Pro, can be outfitted with 128GB. But to get that configuration, you’ll have to shell out a whopping $5,099.Nvidia hasn’t announced pricing for laptops running its new chip, but it did note that the first systems will target the premium market. However, it will also offer less powerful versions of the RTX Spark with less memory for use in lower-priced notebooks.Read more here.Mon, June 1, 2026 at 10:10 AM UTCGrace O'DonnellNvidia CEO Jensen Huang calls AI a 'profit generator': Watch his full keynote addressNvidia CEO Jensen Huang took the stage in Taipei on June 1 to kick of the Computex annual semiconductor trade show to highlight the company’s products, AI factories, and more.“Everything has changed,” Huang said. “So the first idea is that useful AI has arrived. AI is now a profit generator. AI is now a GDP generator. Behind it is a whole new kind of computing pattern, not just a large language model, but an agent. Today, almost everything we're going to talk about is going to be based on this.”Huang touted how Nvidia has evolved from being a GPU company to an AI infrastructure company and highlighted the next-generation Vera Rubin AI platform, calling the system “the most ambitious endeavor in the history of our company.”Watch Huang’s full keynote address below or on YouTube:Mon, June 1, 2026 at 2:30 AM UTCDaniel HowleyThe CEOs of the world's biggest chip companies are descending on TaiwanThe world’s chip giants are descending on Taiwan for the annual Computex Taipei conference this week. The gathering, which runs from June 2 through June 5, will likely feature a number of product announcements and industry updates from the likes of AMD (AMD), Intel (INTC), Nvidia (NVDA), and Qualcomm (QCOM).Nvidia kicked things off with its own GTC Taipei beginning June 1 with a keynote from CEO Jensen Huang.Nvidia CEO Jensen Huang speaks at the company-wide convention at their T17 and T18 plots in Shilin-Beitou Technology Park in Taipei on May 27, 2026. (Photo by I-Hwa Cheng / AFP via Getty Images) · I-HWA CHENG via Getty ImagesThe executive has been in Taiwan for the past several days, meeting with corporate partners and hosting an event for Nvidia’s future headquarters in the country called Nvidia Constellation, which will be home to some 4,000 workers.In a statement, Huang noted that the company has dramatically increased spending in the island nation, saying Nvidia will spend upwards of $150 billion a year in Taiwan, up from $10 billion to $15 billion just four years ago, Reuters reported.Read more here for what to expect from Computex Taipei.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info