US Stock Market Live Updates: US stocks open higher as Anthropic's IPO filing sharpens AI focus

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Dow Jones | Nasdaq | Stock Market Live: US stocks open higher on Monday as investor focus turns to Anthropic’s IPO filing, a busy week of corporate earnings and the Federal Reserve’s interest-rate decision. The Dow rises 0.20%, the S&P 500 gains 0.21% and the Nasdaq climbs 0.28% at the open.

US stocks open higher on Monday as investors assess Anthropic’s IPO filing ahead of a busy week for markets. The Fed’s interest-rate decision and corporate earnings remain key drivers.

• Dow Jones rises 105.3 points, or 0.20%, to 52,320.45
• S&P 500 gains 0.21% to 7,639.7
• Nasdaq climbs 0.28% to 26,026.865
• Anthropic IPO filing draws investor attention

• S&P 500 gains 0.21% to 7,639.7

• Nasdaq climbs 0.28% to 26,026.865

• Anthropic IPO filing draws investor attention

1 New Update

Anthropic listed the Long-Term Benefit Trust and Founder LLC as major shareholders holding over 5% of the company. On the financial side, compute and infrastructure will stay its biggest cost moving forward. While current cash should cover working capital for the next year, the company admitted it might need to raise extra cash sooner than expected.


The filing also showed Anthropic took a $1.5 billion charge in late 2025 to settle the Bartz lawsuit. Moving forward, the team plans to channel significant funding into frontier AI safety work while keeping up with massive infrastructure demands.

AI startup Anthropic has officially filed for an initial public offering, disclosing strong adoption among major global corporations. As of late September, its customer base includes all Fortune 10 companies and over half of the Fortune 500, with top software, internet, and pharmaceutical giants relying on its technology. Despite steady top-line expansion, company leadership cautioned that its overall revenue growth rate is expected to decline and fluctuate over time.


The filing highlights concentration risks, security measures, and unique governance structures. Five key customers accounted for roughly a quarter of revenue through September, while models released within the past six months drove over 80% of recent quarterly sales. The company also revealed it recently delayed pre-training on a new frontier model for over a month to bolster protection against potential model weight theft, reflecting heightened focus on catastrophic risks.Anthropic files for initial public offering as market footprint expands


AI startup Anthropic has officially filed for an initial public offering, disclosing strong adoption among major global corporations. As of late September, its customer base includes all Fortune 10 companies and over half of the Fortune 500, with top software, internet, and pharmaceutical giants relying on its technology. Despite steady top-line expansion, company leadership cautioned that its overall revenue growth rate is expected to decline and fluctuate over time.


The filing highlights concentration risks, security measures, and unique governance structures. Five key customers accounted for roughly a quarter of revenue through September, while models released within the past six months drove over 80% of recent quarterly sales. The company also revealed it recently delayed pre-training on a new frontier model for over a month to bolster protection against potential model weight theft, reflecting heightened focus on catastrophic risks.

Anthropic revealed major corporate updates, including a 1-for-1,000 reverse stock split of its Class T common stock and trailing twelve-month revenue growth of roughly 1,200% from late 2025 to late 2026. The AI company also disclosed around 250 enterprise customers generating over $10 million in revenue, alongside major real estate commitments, including $161.2 billion in aggregate rent payments under Broadcom lease arrangements.


The filing highlights strong philanthropic commitments from leadership and structural governance frameworks. Co-founders Dario and Daniela Amodei, who hold substantial share blocks, have each pledged 80% of their personal equity to philanthropic causes, while the board approved a framework to issue additional Class N shares to a public benefit fund as the share price grows.

US stocks opened higher on Monday as Anthropic's IPO filing drew investor attention ahead of a week dominated by corporate earnings and the Federal Reserve's interest-rate decision. Read more

Our rent payments over the life of leases under Broadcom lease arrangements equal to an aggregate of about $161.2 bln, excluding interest.

Do not expect to pay any dividends in the foreseeable future.

Expect compute & infrastructure expenses to increase in absolute dollars & remain our largest operating expense for the foreseeable future.

Concerns raised that advanced AI systems could pose catastrophic or existential risks to humanity without appropriate oversight.

For the year ended December 31, 2025, expenses related to our donation matching program were $541 million.

Anthropic laid out its ambitions to build AI systems capable of transforming the global economy while confronting the costs and challenges of developing the technology.

The company is pressing ahead with its IPO plans even as a once-busy fall listing calendar has thinned out, with market volatility prompting companies to delay offerings.

Anthropic unveiled its US IPO filing on Monday, laying out its ambitions to build AI systems capable of transforming the global economy while confronting the costs and challenges of developing the technology.
The prospectus highlights Anthropic's rapid growth over the past year, fueled by Big Tech's breakneck spending that has driven a rally in AI stocks while raising concerns about lofty valuations and rising debt.

Greater than 5% shareholders include Long-Term Benefit Trust and Founder LLC.

Anthropic to have shares of Class A, Class F, Class E, Class T and Class N stock.

Each share of Class A common stock is entitled to one vote per share, while shares of Class N common stock have no voting rights.

Class F common stock is entitled to 50.1% of total voting power.

Anthropic: Holders of Class N common stock are primarily strategic business partners.

As of Sept. 30, customers with $100,000 or more of revenue on a TTM basis included every company in the Fortune 10, over 50% of the Fortune 500 and over 30% of the Global 2000.

Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Citigroup are underwriters to the IPO.

Barclays Capital Inc., Wells Fargo Securities LLC, BofA Securities Inc. and Deutsche Bank Securities Inc. are underwriters to the IPO.

Latvia and Slovakia recently approved Tesla’s assisted-driving software, joining eight other European countries ahead of a potential EU-wide vote. The approval follows active campaigning by local enthusiasts, including a light show organized outside Slovakia's transport ministry to grab regulators' attention.


While drivers are excited about the tech, real-world testing shows clear safety limitations that still require human intervention. Regulatory friction persists across the bloc as authorities question whether drivers can remain attentive enough during use.

One week before the midterm elections, President Donald Trump is struggling to fulfill his promise to lower the cost of living as voters face rising gas, grocery, and housing expenses. Persistently high inflation, compounded by aggressive tariffs and an unpopular war with Iran, has eroded wage gains and undermined Trump's claims of an economic golden age.
This widespread financial pressure is fueling voter frustration across key swing states, creating significant political risk for Republicans. Democrats are capitalizing on the economic discontent to turn high prices into a central campaign issue, putting conservative-leaning congressional seats within reach.

Brazil's benchmark stock index futures dropped nearly 15% in early trading following Luiz Inácio Lula da Silva's runoff victory over Senator Flávio Bolsonaro. The election result gave Lula a fourth non-consecutive presidential term and defied recent poll expectations.


Market reactions spilled over into interest rates, where long-term contracts surged significantly. Contracts for January 2031 jumped 182 basis points as investors reacted to the unexpected political outcome.

Saudi Arabia is joining Turkey and Pakistan for diplomatic talks with Iranian officials in Tehran. The Saudi foreign ministry emphasized the importance of keeping communication channels open between the nations during these discussions.
The main goal of the meeting is to lower tensions in the region. Saudi officials stated that these talks are intended to prevent further escalation and help lay the groundwork for a future agreement.

Tesla rises 1.9% in premarket trading after Barclays upgrades the stock to "overweight" from "equal-weight". Meanwhile, crude oil prices ease after reaching a near six-month high last week, helping limit some pressure on markets from higher energy costs. Investors are also watching the November 3 US midterm elections and developments in Brazil.

The Federal Reserve's rate decision on Wednesday remains a key focus for investors. A pause is widely expected following the September hike, although traders continue to see the possibility of another increase in December. Investors also await September inflation data and third-quarter GDP figures, due on Thursday.

AI-focused neocloud companies come under renewed pressure after Elon Musk predicts consolidation in the sector. CoreWeave and Nebius fall 5.4% and 3.9%, respectively, after Musk says access to funding has largely dried up for companies without substantial revenue outside AI data centres. IREN and Applied Digital also decline more than 3%.

Investors are looking for clearer evidence that heavy AI investments are translating into revenue, margins and cash flow. Alphabet, Microsoft and Amazon are among the major hyperscalers due to report this week. The focus follows a weak response to some AI-related earnings last week, with Meta facing pressure after raising its annual AI spending forecast.

US stock futures trade little changed on Monday as investors weigh retreating crude oil prices against a packed week of corporate earnings and the Federal Reserve's interest-rate decision. Dow futures rise 0.37%, while S&P 500 futures gain 0.07% and Nasdaq 100 futures slip 0.06%. About one-third of S&P 500 companies are scheduled to report results this week.