AI trade faces two key tests next week: Nvidia results and Anthropic's IPO

what happened

According to TradingView, the AI trade is heading into a demanding stretch. Stocks recovered this week, with the S&P 500 technology sector up more than 2% after a five-week slide. Nvidia, however, dropped about 13%, even though the broader averages logged their strongest week since August. Investors moved money into other tech names such as Apple, AMD and Broadcom.

Two events could confirm or reverse the rebound. Nvidia reports results on Tuesday after the close, and the market will look for clarity on leadership succession, since co-founder and CEO Jensen Huang has departed and CFO Colette Kress is serving as interim chief executive. Anthropic plans to price its IPO on Wednesday at $70 to $78 per share, with trading expected Thursday on the Nasdaq Global Select Market under the ticker ANT.

The company has trimmed its estimated valuation to roughly $1.2 trillion, down from $2 trillion this autumn. Benjamin Black of Powerlaw Corp. called that move smart and said the company is 'not even really that expensive.'

why it matters

Nvidia's drop of more than 30% over six weeks erased about $2 trillion in market value, so the report matters for the entire AI segment. Analysts are split, with some seeing a buying opportunity and others warning of more risk. Anthropic's debut will show how strong demand for AI companies is in public markets.

market impact

Nvidia and AI stocks: Tuesday results and Anthropic's debut will set the tone for the coming days

• ↔Nvidia shares mixed — results and leadership clarity on Tuesday could either revive or extend the selloff
• ↔US tech stocks mixed — the AI rebound depends on Nvidia's report and the Anthropic debut

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