A giant glass hourglass filled with glowing digital tokens draining into a server rack base, with a rising revenue chart etched into the glass and stacks of compute contracts piled around the stand, close-up shot from a low angle, cool blue key light from the server LEDs mixed with a warm amber glow from the right, deep shadows across a polished dark floor, shallow depth of field.

Anthropic Files for IPO With Revenue Up 13x, Losses in Tow

By Oliver BennsOctober 30, 2026

Anthropic's S-1 filing revealed revenue surged from $1.2bn to $16.3bn in the first half of the year, a roughly 13x jump that ranks among the fastest ever recorded at that scale. The company posted a $693m operating loss, narrower than the $2.1bn a year earlier, but has committed to roughly $800bn in future compute purchases, including $160bn with Broadcom, $120bn with SpaceX and $10bn with Amazon. Anthropic still holds $112bn of the $141bn raised since inception, and is targeting a valuation of up to $140bn at listing. OpenAI is expected to follow with a Q1 IPO.

Neocloud Rout Deepens as Debt Markets Slam the Door

Shares in AI infrastructure firms tumbled after warnings that debt markets are closing to neoclouds without revenue beyond data centres, leaving more than 200 operators vulnerable to failure and consolidation. CoreWeave and Nebius have both dropped more than 30% over the past month as investors reassess the AI buildout. Anthropic has been floated as a potential acquirer of distressed capacity.

Tech Earnings Rip 65% as Bubble Talk Falls Flat

Tech sector earnings are on track to grow 65.6% year on year this quarter, with semiconductors tripling the 24.9% pace of the rest of the sector. Western Digital posted EPS of $4.64 against $4.11 expected, and Oracle delivered $1.92 versus $1.74. Nvidia trades at roughly 15 times forward earnings, undercutting valuations typically associated with market bubbles.

Netflix Slides as YouTube Laps It on Viewing Time

Netflix shares have slumped to around $63 as Wall Street fixates on time-spent metrics, where YouTube now commands roughly twice the viewing hours. The company still earns about $3bn a quarter and spends $20bn annually on film and TV, but recent programming has underwhelmed. A new content chief hired from Disney is expected to refocus the slate on premium, must-watch titles.