9h ago
Anthropic's $2 Trillion IPO Bid Runs Into Cloud Giants' Distribution Edge
Anthropic plans to go public in November with a $2 trillion valuation target. The AI startup reported third-quarter revenue of $16.8 billion, a quarter-on-quarter growth rate of roughly 50%, down from 140% earlier this year. The three tech giants, buoyed by their infrastructure and distribution advantages, have seen their shares rise an average of 10% since the start of 2026, a sign that competition may be shifting from technological leadership toward control of channels.
9h ago
10-13
High-Stakes Earnings Season Puts AI Stocks to the Test
The market's most expensive stocks, measured by forward price-to-earnings ratios at the end of the second quarter, suffered unusually sharp valuation contraction in the third quarter, according to Trivariate Research. Their multiple compression was roughly 100 times as large as that of the cheapest names, an extreme seen only 5.3% of the time since 1999. AI capital-spending-sensitive high-valuation names such as AMD, Marvell, Corning and Bloom Energy were hit hardest. The S&P 500's forward price-to-earnings ratio fell to 19 at the end of last week from 22 at the start of 2026.
10-13
10-7
Eternal’s Nifty 50 weight rises to about 2.29%, overtaking TCS at roughly 2.08%
Eternal, the parent entity of Zomato, has moved ahead of Tata Consultancy Services (TCS) in the Nifty 50’s latest weight adjustment, with its weight rising to around 2.29% versus roughly 2.08% for TCS. The change comes even as TCS’s market capitalisation of around ₹7.5 lakh crore remains far above Eternal’s roughly ₹3.1 lakh crore, as Tata Sons’ close to 72% stake reduces TCS’s free float used in index calculations. Analysts also pointed to diverging market narratives, with TCS’s valuation reflecting expectations of muted growth while Eternal trades at more than 650 times trailing earnings on optimism around Blinkit’s expansion.
10-7