Anthropic Eyes a $1.4 Trillion Debut 🚀

Welcome back to the Day Trading newsletter 📈

A hotter-than-expected inflation report pushed the 10-year Treasury yield back to 5% and cut short Monday's big rebound, while Nvidia slid for a second straight day.

Meanwhile, Anthropic just put a price tag on what could be one of the biggest IPOs ever.

Let’s get into it 👇️ 

🔥 October inflation came in hotter than expected, with consumer prices rising 0.4% for the month. Economists expected 0.3%. Core prices, which strip out food and energy, rose 0.3%, also above forecasts, with food up 0.5% and energy up 0.7%. Annual figures weren't published because last year's government shutdown disrupted data collection.

🏦 Stocks slipped Tuesday as the inflation data revived bets on a December Fed rate hike. The S&P 500 fell 0.38% to 7,520.93 and the Nasdaq dropped 0.74%. The 10-year Treasury yield climbed to 5.00%, and Fed Governor Christopher Waller said a half-point hike should be considered if core prices rose 0.3% or more, which they did.

📈 The Dow jumped more than 1,100 points Monday as investors piled back into tech after last week's rout. The S&P 500 gained about 2.3% and the Nasdaq about 2.7%. AMD rallied after Oppenheimer upgraded it to Buy, and falling oil prices added fuel to the rally.

📉 Nvidia shares fell another 5.47% Tuesday to close at $168.89. That followed a drop of more than 4% on Monday as fallout from the board's investigation of CEO Jensen Huang continued. The stock has now lost roughly 10% in two sessions, and Nvidia reports earnings next week.

🛢️ Brent crude briefly fell below $90 a barrel Tuesday for the first time since August. President Trump said Monday the Iran war is "going to be ending fairly soon." U.S. crude traded down more than 2% near $84.77, though the U.S. naval blockade remains in place.


☁️ CoreWeave's third-quarter revenue jumped 168% to $3.66 billion. The AI cloud provider's backlog of signed contracts swelled to $132.5 billion, but its net loss widened to $709 million as spending on data centers soared. Shares swung after hours, rising more than 8% at one point.

📺️ The Trade Desk rose 3.28% Tuesday after third-quarter revenue topped estimates. Revenue came in around $736 million, slightly below last year, and the ad-tech company lifted its buyback capacity to $1 billion. The stock reversed an early drop and is up about 25% so far in November.

₿ Bitcoin is stuck near $74,000, down about 10% over the past month. One bitcoin traded around $74,260 Tuesday morning, roughly 41% below its all-time high of about $126,200 from October 2025.

Anthropic, the company behind the Claude AI models, set a price range of $70 to $78 a share on Tuesday for its Nasdaq IPO under the ticker "ANT."

It plans to sell 825 million shares, raising about $64.4 billion at the top of the range, which implies a market value of about $1.02 trillion, or up to $1.4 trillion on a fully diluted basis (counting stock options and similar shares).

The stock is expected to start trading Thursday, Nov. 19, according to CNBC. Seven partners, including Google and Nvidia, have also agreed to buy another $26 billion of stock in a separate private placement.

This is the biggest test yet of Wall Street's appetite for AI after a brutal sell-off in chip and AI stocks.

Anthropic is growing fast, with its annualized revenue run rate reaching about $81 billion at the end of October, up roughly $10 billion from a month earlier. But it reported a $104 billion net loss for the first nine months of the year, driven largely by non-cash accounting charges tied to its financing deals.

Regular investors are also unusually involved: Anthropic is targeting about 20% of shares for retail buyers, well above the norm for an IPO, according to CNBC.

Watch where the final price lands next week.

Pricing at or above the top of the range would signal AI demand is still strong, while a cut would show the sell-off has made investors pickier.

Keep in mind the range already sits well below the roughly $2 trillion valuation floated in earlier reporting.

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⚠️ Disclaimer: Not financial advice. Do your research before making any trades.