Wall Street pivots toward chip and server makers as software stock rebound fizzles; Alphabet plans $80 billion raise and Anthropic files for IPO
Yahoo Finance AIJune 2, 20261 min read
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- 1
Alphabet announced plans to raise $80 billion, and Anthropic filed for its initial public offering on Monday, signaling major funding moves in AI.
- 2
Investors shifted focus from software stocks to chip and server makers, including Hewlett Packard Enterprise, which have driven recent market gains.
- 3
The rebound in software stocks appeared to fizzle out as Wall Street reallocated toward hardware and infrastructure companies.
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