XLK is trading $189.21 (+1.55%) as Anthropic’s IPO filing renewed optimism about AI demand after technology-spending concerns weighed on chip stocks.
- The filing disclosed rapid revenue growth, helping lift AI-related shares.
- Semiconductor strength and Broadcom’s $63 billion financing arrangement for AI chips to Anthropic reinforced enthusiasm for the AI supply chain.
- The broader market was also higher, but available reporting points to AI-related technology buying as the more direct driver.