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Anthropic picks Morgan Stanley and Goldman Sachs to lead its IPO, with a SpaceX computing deal worth $1.25 billion per month buried in the fine print

Anthropic has selected Morgan Stanley and Goldman Sachs to lead its initial public offering, with JPMorgan Chase also working on the deal, Bloomberg reported on Tuesday. The Claude developer is weighing going public as soon as October after filing confidentially for a listing on Monday. More banks could be added to the lineup, and details of […]

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Anthropic picks Morgan Stanley and Goldman Sachs to lead its IPO, with a SpaceX computing deal worth $1.25 billion per month buried in the fine print Read More »

IBM is up 30% in a month as Barclays says its software business is the antidote to the SaaSpocalypse

IBM stock surged 10% on Monday after Barclays initiated coverage with an overweight rating and a $350 price target, roughly 11% above the opening price. The jump extends a run that has seen IBM gain nearly 30% in May alone, its best monthly performance in almost 24 years. The stock is now up 10% year […]

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IBM is up 30% in a month as Barclays says its software business is the antidote to the SaaSpocalypse Read More »

The space stock rally is cracking as investors prepare to swap proxies for SpaceX itself

A rally that carried space-related stocks to extraordinary gains this year is showing serious cracks. The Procure Space ETF, which trades under the ticker UFO, has dropped almost 11% in just two sessions. Intuitive Machines and Rocket Lab have each fallen roughly 17%. AST SpaceMobile, which had become a retail-trading favourite, has sunk nearly 23%. The […]

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The space stock rally is cracking as investors prepare to swap proxies for SpaceX itself Read More »

Anthropic files confidentially for an IPO, potentially beating OpenAI to Wall Street after eclipsing it in valuation

Anthropic has confidentially submitted draft registration paperwork for an initial public offering with the Securities and Exchange Commission, the company announced in a blog post on Monday. The number of shares to be offered and the price have not been set. The filing positions Anthropic to potentially reach the public market as soon as this fall, […]

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Anthropic files confidentially for an IPO, potentially beating OpenAI to Wall Street after eclipsing it in valuation Read More »

AI is crushing startup valuations for companies that raised before ChatGPT existed

The AI boom has created a two-speed startup economy. Companies building on generative AI are raising at historically unprecedented valuations, while startups that last raised capital before ChatGPT launched in November 2022 are watching their worth collapse. According to PitchBook valuation estimates, more than 220 companies that once held billion-dollar valuations have now fallen below that threshold, […]

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AI is crushing startup valuations for companies that raised before ChatGPT existed Read More »

Dell rallies on Nvidia-powered AI server demand as it lifts its forecast

Dell spent years being valued as a maker of laptops and storage boxes, a solid, unexciting business in a mature market. The AI build-out has rewritten that story in a single quarter. The company’s shares have climbed around 40% across the run into and out of its latest results, after record numbers and a raised […]

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Dell rallies on Nvidia-powered AI server demand as it lifts its forecast Read More »

The hybrid model: why the smartest finance teams aren’t going all-in on AI

Every finance vendor with a pulse has slapped “AI-powered” on their homepage in the last 18 months. Most of them are exaggerating, not maliciously, but loosely. They’re calling forecasting “modeling,” trend extension “intelligence,” and pattern matching “reasoning.” The terms get blurred on purpose because the blur sells. Here’s the cleaner version of the truth: AI is genuinely […]

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The long view of property valuation: e2Value on why historical context matters in a new era of AI

For many participants across insurance and property ecosystems, current valuation challenges did not emerge from a single moment or event. Multiple economic cycles, demographic shifts, evolving construction practices, and changing consumer expectations have accumulated over time, creating a landscape that can sometimes feel difficult to fully trace. Limited visibility into how these layers developed has […]

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SoftBank hits a fresh record as Tokyo bets the OpenAI IPO is finally coming

The Nikkei broke 65,000 for the first time on Monday, and SoftBank, the listed proxy for both OpenAI and Arm, did much of the lifting. SoftBank Group shares hit a record high in Tokyo on Monday, carrying the Nikkei 225 above 65,000 for the first time and capping a fortnight in which the Japanese investment […]

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SoftBank hits a fresh record as Tokyo bets the OpenAI IPO is finally coming Read More »

Lenovo Q4 revenue tops estimates on strong PC sales, shares jump 15%

$21.6bn quarter, AI revenue nearly doubles, full year crowned the best in the company’s history. Lenovo posted Q4 revenue of $21.6bn, up 27% year-on-year and roughly $2.2bn ahead of consensus, sending shares up about 15% on Friday in Hong Kong. Net profit attributable to shareholders jumped 479% to $521m, almost double the $271m analysts had […]

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Lenovo Q4 revenue tops estimates on strong PC sales, shares jump 15% Read More »

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