The AI sector has a new reason to grow. On October 26, Anthropic, the developer of Claude models, disclosed documents for its IPO. The company's rapid growth has renewed interest in artificial intelligence, although its massive development expenses still raise questions.
The US market closed in the green: S&P 500 gained 0,7%, stocks #Microsoft rose by approximately 1.5%, #Amazon — by 0.4%. The semiconductor index also rose significantly, confirming the return of buyers to the technology sector.
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How Anthropic supports Microsoft and Amazon
Both companies provide the developer with cloud computing resources, and their platforms help sell access to Claude models. The growing demand for AI is increasing the need for computing power and creating opportunities to expand cloud business. However, building infrastructure requires more and more money.
For #NQ100 and #SP500 this is a fundamental issue: technology giants carry significant weight in indices, so their results can set the direction for the entire market.
The risk of an expensive AI race, discussed in the previous article, remains. Anthropic's documents showed both rapid revenue growth and substantial losses. Interest in the technology remains high, but investors need confirmation that investments can generate profits. The next test will be provided by Microsoft and Amazon's reports this week.
Where the recovery may continue
The most likely scenario for #NQ100 and #SP500 is an attempt to develop a rebound from the October lows. However, a confident reversal is still far off: indices are only returning to nearby resistance levels.
#NQ100 trades around 29 230. A breakout above 29 500 will allow expecting movement towards 29 750. For #SP500, which is located near 7 670, the nearest milestone is— 7 700, the next recovery target is— 7 750.
Among stocks, looks more confident #Microsoft: the recovery from the $520 area has brought the price to $532,70. Overcoming $535–536 opens the path to $543–550. #Amazon is lagging behind so far and holds around $248,90 after a sharp pullback. For movement towards $254–258 the stock first needs to consolidate above $250; drawdown under $245 will increase pressure.
According to analysts FreshForex, #NQ100 and #SP500 retain growth potential, and the return of interest in the AI sector supports #Microsoft and #Amazon. Upcoming earnings reports could provide additional momentum for the recovery.
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