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On August 26th, according to the Wall Street Journal, Anthropic is expected to tell investors in its IPO filing that its potential revenue opportunities exceed $30 trillion, surpassing SpaceXs previous estimate of $28.5 trillion. Anthropic is showcasing the growth potential of AI through its "Total Potential Market" (TAM), assessing the full scale of work that its AI models will be able to accomplish in the future. SpaceX previously called its TAM "the largest actionable market in human history," with $26.5 trillion coming from AI opportunities. Anthropics second-quarter revenue exceeded $11.6 billion, more than doubling from the previous quarter. The companys IPO could raise up to $100 billion, targeting a valuation of approximately $2 trillion, higher than SpaceXs $1.77 trillion valuation at its IPO. The plans are still under discussion, with a listing expected as early as September or October.Canadian minister: pledges to retaliate against any new U.S. tariffs targeting the auto industry.The Brazilian government announced that it will extend gasoline subsidies until September 9th, local time.According to the Wall Street Journal, Anthropic informed investors that it expects its potential revenue opportunities to exceed $30 trillion.On August 25th, according to Russian sources, a Ukrainian drone attack injured two workers at the Zaporizhia nuclear power plant. The plants press office reported that the attack occurred near the plants hydraulic structures while workers in the maintenance and construction workshop were working. The report did not specify the exact time of the attack. It is understood that the target of the attack was personnel responsible for ensuring the operation of the nuclear power plant. Both injured workers have been hospitalized, one seriously. The power plant stated that it has informed experts from the International Atomic Energy Agency (IAEA) about the attack. Ukraine has not yet responded to this report.

S&P 500, NASDAQ Futures Higher in Pre-Market after Meta Stuns Wall Street

Alice Wang

Feb 02, 2023 16:08

The main U.S. stock index futures contracts are trading in a range during Thursday's pre-market session, with the Dow trading down for the day while the NASDAQ Composite was up about 1%.


Investors are attempting to build on the rise from yesterday, which was sparked by a mix of a widely anticipated 25-basis-point rate increase and less hawkish comments from Federal Reserve Chairman Jerome Powell. A sharp increase in Meta shares after a positive earnings announcement is contributing to the euphoric mood.


The blue chip Dow futures are now trading at 34085.00, down 63.00 or -0.18%, at 04:33 GMT. The tech-weighted NASDAQ Composite is trading at 12526.75, up 112.50 or +0.91%, while the benchmark S&P 500 Index futures contract is at 4143.50, up 11.25 or +0.27%.

Less-Hawkish, Supported by Wednesday's Positive Session comments made by Fed Chair Powell

The strong performance in all three main indices yesterday is what is providing the support early on Thursday. The NASDAQ Composite ended the regular session up 2%, while the S&P 500 recovered previous losses to conclude with a gain of 1.05%. After losing more than 500 points earlier in the day, the Dow was only able to gain a meager 0.02%.


Investor confidence that inflation is slowing down enough for the central bank to take notice fueled the sharp bounce, despite the fact that Federal Reserve Chairman Jerome Powell made no mention of a potential stop in rate rises at his post-meeting news conference.

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