MU, SKHY Stocks Rise As Anthropic Filing Shows $450B In Compute Commitments; Kospi Rally Triggers Program-Trading Pause
Micron rose 1% in overnight trading, while the South Korea Bull 3X ETF gained nearly 3%.
Neocloud stocks also recovered. CoreWeave and Nebius each gained about 0.5%.
Anthropic made its S-1 filing public on Monday. It showed plans to spend $450 billion on cloud computing agreements over the next 7–10 years.
Memory chip stocks rose after Anthropic made its IPO filing public. Gains also spread to Asian markets as investors looked at the AI company's fast-growing revenue, large spending commitments for computing power, and big losses.
Micron (MU) stock rose 1% in overnight trading ahead of Tuesday. On Tuesday, shares of SK Hynix and Samsung Electronics in Seoul rose 5.6% and 4%, respectively.
South Korea's Kospi index was up 3% at the time of writing. Earlier, the Korea Exchange triggered a "sidecar," which briefly pauses program trading when futures prices move sharply. The Direxion Daily South Korea Bull 3X ETF (KORU) rose 2.8% in overnight trading.
Neocloud stocks also recovered overnight. CoreWeave (CRWV) and Nebius (NBIS) each gained about 0.5%, while cloud giant Alphabet (GOOGL) rose 0.3%. Nvidia (NVDA), Intel (INTC), Advanced Micro Devices (AMD), Amazon (AMZN), and Microsoft (MSFT) fell after rising during regular trading on Monday.
Anthropic's Large Spending Commitments
Anthropic made its S-1 filing public on Monday. It reported revenue of $16.3 billion for the first half of the year, up from $1.16 billion in the first half of 2025. The company reported a net loss of $80.7 billion, mainly because of a $72.4 billion accounting charge related to convertible notes.
However, investors paid close attention to Anthropic's long-term spending commitments. These payments will also benefit companies that provide cloud services and AI computing equipment.
According to The Wall Street Journal, which cited the filing, Anthropic plans to spend $450 billion on cloud computing agreements over the next seven to ten years. It plans to spend $111 billion on Google cloud computing contracts, $110 billion with Amazon Web Services, and $31 billion with Microsoft, "regardless of actual usage."
The Journal also reported that Anthropic plans to spend up to $86 billion to rent Nvidia chips from smaller AI cloud providers Nscale and Lambda through 2033 and 2034, respectively. These deals would be in addition to its other cloud agreements.
Investors and Analysts React Positively to Anthropic's S-1
Analysts and investors generally responded positively to Anthropic's financial results. Some praised how quickly the company was growing and how widely its customers were spread across different businesses.
Anthropic's S-1 filing says the company will list its shares on the Nasdaq stock exchange under the ticker symbol "ANT." The Journal separately reported, citing people familiar with the matter, that the company plans to list its shares during the week of November 16.
On Stocktwits, retail investor sentiment for ANTHZZX and KORU rose to 'extremely bullish' from 'neutral' the previous day. Sentiment for OpenAI (OPEAZZX) changed from 'neutral' to 'bearish.'
Investor sentiment was 'bullish' for SKHY and 'bearish' for MU. Investors will now watch upcoming quarterly reports from several memory chipmakers for more clues about the chip market. Seagate (STX) reports on Tuesday, SK Hynix on Wednesday, and Samsung on Thursday.
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Yuvraj Malik has no position in any of the stocks mentioned in this article. StockTwits' news team publishes content for information only, not as investment advice. For more information, see the editorial policy. This article was first published on StockTwits.