Western Digital Stock Tumbles as CXMT Targets $10 Billion Shanghai IPO

Benzinga54minutes ago

Shares of Memory-related Chip Companies Are Trading Lower. Chinese Memory Peer CXMT Filed to Raise up to Almost $10 Billion in a Shanghai IPO, Which May Portend Growing Competition Across the Sector.

Benzinga01:42

10 Information Technology Stocks Whale Activity In Today's Session

Benzinga01:35

12 Information Technology Stocks Moving In Wednesday's Intraday Session

Benzinga01:05

Anthropic is racing toward an IPO, potentially listing as early as October, which could allow it to beat OpenAI to the public markets.

Anthropic is accelerating its IPO process, planning to hold intensive investor meetings in the coming weeks and could list as early as October this year. The company’s valuation has now risen to $965 billion, with Morgan Stanley, Goldman Sachs, and JPMorgan serving as joint lead underwriters. Strong revenue growth from its enterprise AI business provides solid support for the listing, though regulatory uncertainty remains the key variable affecting its subsequent performance.

wallstreetcn01:03

Memory-Chip Selloff Drags Nasdaq 100 Lower, SanDisk Sinks 13%: Stock Market Today

Benzinga01:01