▲ Anthropic
U.S. stocks in New York rose for the second consecutive day on the 27th (local time).
Amid revived expectations for AI investment triggered by artificial intelligence firm Anthropic's pursuit of an initial public offering (IPO), coupled with news of massive semiconductor purchase financing, the tech-heavy Nasdaq Composite index led the gains.
At the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed up 15.99 points, or 0.03%, at 52,377.57.
The S&P 500 index finished up 45.83 points, or 0.60%, at 7,722.60, while the Nasdaq Composite jumped 308.43 points, or 1.18%, to 26,477.81.
In the New York market that day, following Anthropic's IPO pursuit revealed the previous day, news of Broadcom's massive fundraising supported the tech sector's strength.
Broadcom reportedly partnered with major financial institutions such as Bank of America, Blackstone, Citigroup, and Morgan Stanley to sign a $63 billion contract to finance the purchase of Anthropic's high-performance semiconductors.
Consequently, expectations for AI infrastructure investment and expanded semiconductor demand spread, causing semiconductor stocks to surge across the board.
Broadcom rose 4.00%, while AMD (5.45%), Micron (2.77%), and SK hynix American Depositary Receipts (1.92%) all climbed.
The Philadelphia Semiconductor Index also gained 3.60% సాహిత్య.
Chuck Carlson, CEO of Horizon Investment, evaluated, "(The news related to Anthropic) appears to have brought a sort of relief rally to AI-related stocks, especially semiconductor shares," adding, "As these stocks dropped significantly over recent weeks, it was also time for them to bounce back."
On the other hand, Meta Platforms fell 1.64% after announcing that it would expand its fundraising scale for AI business expansion to a record-high $97.5 billion.
Automaker GM, which announced its relocation to the Nasdaq led by a "technology-focused strategy," rose 5.54%.
The decline in international oil prices, driven by hopes for progress in Middle East peace talks, also eased pressure on the stock market.
December delivery Brent crude finished down 1.67% at $113.88 a barrel, and U.S. West Texas Intermediate (WTI) crude fell 1.83% to $99.90.
News that Iran and three member states of the "Mecca Joint Defense Pact"—Saudi Arabia, Pakistan, and Türkiye—agreed to continue peace talks led the decline in oil prices.
Market attention now turns to the big tech earnings announcements of Microsoft (MS) and Alphabet scheduled for the 28th, alongside the Federal Reserve's (Fed) benchmark interest rate decision.
According to the Chicago Mercantile Exchange (CME) FedWatch, futures markets estimate a 92.8% probability that the Fed will freeze its benchmark interest rate at the October Federal Open Market Committee (FOMC) meeting.
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