Tech Stocks Rally on Anthropic IPO
Global tech stocks rallied as Anthropic filed for an IPO and Meta planned equity raising. Meanwhile, oil prices rose and markets awaited the Federal Reserve meeting.
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Tech stocks rallied on Monday as investors treated Anthropic's IPO filing and META PLATFORMS INC-CLASS A's equity raise as confidence in the artificial intelligence boom. The gains steadied markets ahead of hyperscaler earnings, lifting shares across Asia overnight.
