Nvidia, Intel, Other Major Tech Stocks Surge After Anthropic’s IPO Filing

Oct 26, 2026, 04:28pm EDT

Topline

Nvidia, Intel and other major technology stocks rose sharply on Monday after artificial intelligence company Anthropic filed paperwork to sell shares to the public for the first time. The filing raised hopes that the company could have a record-breaking stock market debut as soon as November.

Key Facts

Anthropic filed its IPO paperwork before the stock market opened on Monday. The company plans to trade under the stock symbol "ANT," but it has not said what value it hopes to achieve.

Intel shares jumped more than 4% to $90.49. The rise continued the stock's recovery after it reached its lowest level of the month the previous week.

Nvidia shares rose 2.4%, even though they had fallen nearly 4% over the past month. Microsoft shares also gained 1.5%.

Micron shares rose 3%, while AMD shares gained 2.8%. Both companies have had a strong year, with their stock prices more than doubling since January.

The Nasdaq 100, which includes many major technology companies, rose more than 1% on Monday. It performed better than the S&P 500, which gained 0.7%.

Surprising Fact

Anthropic's IPO filing showed that about 5% to 7% of its revenue comes from customers who break the company's rules. See here for more surprising details revealed in Monday's filing.

Tangent

Dell Technologies, which has benefited greatly from growing demand for the equipment and systems needed to run AI, saw its shares rise 3% by the end of Monday's trading. The increase pushed company co-founder Michael Dell ahead of Google co-founder Sergey Brin to become the world's fourth-richest person. Dell's estimated wealth rose to $243 billion, while Brin's fell to $240.2 billion.

Key Background

Anthropic's IPO filing also showed that the company earned about $16.3 billion in revenue during the first half of the year. That was $1.2 billion more than in the same period a year earlier. According to The Wall Street Journal, Anthropic could begin trading publicly as soon as November 16. The report said the company could raise $100 billion or more and reach a valuation between $1.5 trillion and $2 trillion. The filing comes as investors worry about how much companies are spending on AI and when that spending will start producing real profits for companies such as Anthropic, Meta and Tesla. It also highlights the dangers that AI development could pose to humanity. Anthropic said these dangers could include major disruptions to the economy, authoritarian governments gaining more control, and "catastrophic or existential risks." The company also warned that AI could act on its own and create "a global security threat of the first order."