Wall Street pivots toward chip and server makers as software stock rebound fizzles; Alphabet plans $80 billion raise and Anthropic files for IPO

Alphabet announced plans to raise $80 billion, and Anthropic filed for its initial public offering on Monday, signaling major funding moves in AI.

Investors shifted focus from software stocks to chip and server makers, including Hewlett Packard Enterprise, which have driven recent market gains.

The rebound in software stocks appeared to fizzle out as Wall Street reallocated toward hardware and infrastructure companies.