Anthropic is preparing for a major IPO valued near $1 trillion, highlighting public opposition to AI and data centers as significant risks in its prospectus. The company has held confidential meetings with investors addressing concerns about competition, margin pressures, and potential slowdowns in data center construction. This comes as AI data centers face growing resistance from communities and politicians, impacting future growth prospects. Anthropic's IPO will be closely watched amid rising scrutiny of AI's societal impact and infrastructure challenges.
Joseph Devivo, CEO of Butterfly Network, sold 68,346 shares of the company. Insider sales like this can indicate personal financial decisions or strategic moves regarding the company's stock. Investors often watch such transactions closely as they ma...
Chip stocks declined this week not because of any industry-specific news but due to the 30-year Treasury yield reaching its highest level in 19 years. Rising long-term yields often pressure growth stocks like chipmakers, as higher rates increase borr...
XPeng Inc., a Chinese electric vehicle maker, is preparing to release its Q2 2026 earnings report with analysts expecting a loss of $0.06 per share but revenue of $3.02 billion. The company competes with Tesla, Nio, and Li Auto in the smart EV market...
Bitcoin's price jumped 7.89% to $78,589, driven by $606 million in US spot Bitcoin ETF inflows and a Treasury move to double bond buybacks, signaling strong institutional support and improved liquidity. The rally pushed Bitcoin above the $75,000 brea...
Hunting PLC reported a 6% revenue decline to $497 million and a 12% drop in EBITDA to $62.1 million for H1 2026. Strong performance in the Subsea and Perforating Systems segments partially offset weaker results elsewhere. The company lowered its 2026...
