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Amazon-backed (AMZN) Anthropic has confidentially submitted a draft registration statement for a proposed initial public offering to the US Securities and Exchange Commission, the company said Monday.The number of shares to be offered and the price have not yet been set, Anthropic said.Price: $262.77, Change: $-7.87, Percent Change: -2.91%
Anthropic Submits Draft Registration for Proposed IPO to SEC
Street Color: Anthropic Submits Draft S-1 Registration Statement to SEC
(Updates with the company's response in the third paragraph.)Amazon.com (AMZN) has shut down an internal leaderboard tracking AI tool usage after some employees tried to boost their scores through unnecessary activity that increased the company's computing costs, the Financial Times reported Friday, citing two people familiar with the matter.Dave Treadwell, an Amazon senior vice-president, told staff the leaderboard had been created with "good intentions," but led to additional costs as employees engaged in "tokenmaxxing," or inflating their consumption of AI tokens, according to the report.An Amazon spokesperson toldin an emailed response that the internal dashboard was created by a group of employees to drive awareness about how AI can accelerate work and since then has been deprecated.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $270.53, Change: $-3.47, Percent Change: -1.27%
All three major US stock indexes were up in late-morning trading Friday, as President Donald Trump said on Truth Social that he will soon make a final determination regarding the proposed memorandum of understanding between the US and Iran.In company news, Dell Technologies (DELL) reported fiscal Q1 non-GAAP net income late Thursday of $4.86 per diluted share, up from $1.55 a year earlier and above the FactSet consensus analyst estimate of $2.96. Fiscal Q1 revenue was $43.84 billion, up from $23.38 billion a year ago and above the FactSet consensus of $35.74 billion. For fiscal Q2, the company said it expects non-GAAP EPS of $4.80 at the midpoint and revenue of $44 billion to $45 billion. Analysts polled by FactSet expect $2.99 and $35.10 billion, respectively. For fiscal 2027, Dell said it expects non-GAAP EPS of $17.90 at the midpoint on revenue of $165 billion to $169 billion. Analysts polled by FactSet expect $13.12 and $143.19 billion, respectively. Dell shares were up 29.4% around midday.Autodesk (ADSK) reported fiscal Q1 adjusted earnings late Thursday of $2.99 per diluted share, up from $2.29 a year earlier and above the FactSet consensus of $2.84. Fiscal Q1 revenue was $1.93 billion, up from $1.63 billion a year ago and above the FactSet consensus of $1.89 billion. For fiscal Q2, the company said it expects adjusted EPS of $3.10 to $3.14 on revenue of $2.00 billion to $2.02 billion. Analysts polled by FactSet expect $3.04 and $1.99 billion, respectively. For fiscal 2027, Autodesk said it expects adjusted EPS of $12.40 to $12.65 on revenue of $8.16 billion to $8.22 billion. Analysts expect $12.42 and $815 billion, respectively. Additionally, the company said late Thursday it has agreed to acquire MaintainX, a modern maintenance and operations business, in an all-cash deal valued at about $3.6 billion. Autodesk shares were down 4%.Amazon (AMZN) founder Jeff Bezos said Thursday on X that all personnel are safe and accounted for after his Blue Origin company's New Glenn rocket exploded Thursday night during a hot-fire test at a Space Force facility in Cape Canaveral, Florida. Amazon shares were down 0.5%.MongoDB (MDB) reported fiscal Q1 adjusted earnings late Thursday of $1.32 per diluted share, up from $1.00 a year earlier and above the FactSet consensus of $1.19. Fiscal Q1 revenue was $687.6 million, up from $549.0 million a year ago and above the FactSet consensus of $664.5 million. For fiscal Q2, the company said it expects adjusted EPS of $1.58 to $1.61 on revenue of $729 million to $734 million. Analysts polled by FactSet expect $1.29 and $700.5 million, respectively. For fiscal 2027, the company said it expects adjusted EPS of $5.95 to $6.14, up from its previous guidance of $5.75 to $5.93 and above the FactSet consensus of $5.92. Fiscal 2027 revenue is expected to be between $2.92 billion and $2.96 billion, above its previous guidance and the FactSet consensus of $2.90 billion. MongoDB shares were down 5.8%.Activist hedge fund Toms Capital Investment Management has built a significant stake in McCormick (MKC) as the US food company works on its planned acquisition of Unilever's (UL) food business, Reuters reported Friday, citing sources familiar with the matter. The size of the stake, which Toms acquired in Q2, and what Toms intends to do with it, could not be determined, Reuters reported. McCormick shares were up 1.2%, while Unilever shares were down 0.4%.Price: $411.54, Change: $+94.49, Percent Change: +29.80%
Amazon.com (AMZN) has shut down an internal leaderboard tracking AI tool usage after some employees tried to boost their scores through unnecessary activity that increased the company's computing costs, the Financial Times reported Friday, citing two people familiar with the matter.Dave Treadwell, an Amazon senior vice-president, told staff the leaderboard had been created with "good intentions," but led to additional costs as employees engaged in "tokenmaxxing," or inflating their consumption of AI tokens, according to the report.Amazon did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $271.78, Change: $-2.23, Percent Change: -0.81%
AST SpaceMobile (ASTS) and other space-related firms saw their stock prices drop in Friday trading after Blue Origin's New Glenn rocket exploded on Thursday night during a hot-fire test at a Space Force facility in Cape Canaveral, Florida.AST shares fell 18%, while Rocket Lab (RKLB) stock was down 5.5%. Intuitive Machines (LUNR), Redwire (RDW), and Planet Labs (PL) also saw their stock fall by 13%, 12%, and 10%, respectively.Blue Origin, backed by Amazon's (AMZN) Jeff Bezos, is one of the few companies aiming to compete with Elon Musk's SpaceX.Price: $108.57, Change: $-24.52, Percent Change: -18.42%
Tech stocks rose late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) gaining 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.5%.The Philadelphia Semiconductor index climbed 1.4%.In corporate news, Amazon-backed (AMZN) Anthropic has raised $65 billion in series H funding led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital at a $965 billion post-money valuation, the AI firm said in a Thursday post on X. Amazon shares rose 0.8%.Microsoft (MSFT) is slated to release a suite of new homegrown AI models next week at its Build conference in San Francisco, The Information reported. It will unveil a coding model aimed at boosting the competitiveness of Microsoft-owned GitHub Copilot, the report said. Microsoft shares were up over 3%.Snowflake (SNOW) shares surged 37% after the firm raised its full-year product-revenue outlook on better-than-expected fiscal Q1 results and announced a $6 billion infrastructure-spending deal with Amazon.com's cloud platform.Nebius (NBIS) shares jumped past 8% after Situational Awareness, a fund led by former OpenAI researcher Leopold Aschenbrenner, reported a 5.6% stake worth nearly $2.6 billion in the company, Reuters reported.
Amazon.com (AMZN)-backed Anthropic has raised $65 billion in series H funding led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital at a $965 billion post-money valuation, the artificial intelligence firm said in a Thursday post on X.The funding is expected to help Anthropic advance its research efforts and boost capacity to meet growing demand for Claude, the firm said.Price: $272.36, Change: $+0.51, Percent Change: +0.19%
Anthropic Valued at $965 Billion After Raising $65 Billion in Series H, Bloomberg Reports
Anthropic Unveils Claude Opus 4.8
Bath & Body Works (BBWI) is entering a "multiyear process" to revamp direct-to-consumer sales growth, though risks tied to its expansion into Amazon.com (AMZN) and other mass retail channels could pressure long-term margins, UBS Securities said in a report emailed Thursday.The firm said improving product assortments, brand positioning and operating models will take time, while broader wholesale distribution could cannibalize the company's direct-to-consumer business and create structural margin headwinds.Bath & Body Works reiterated its fiscal 2026 earnings guidance of $2.40 to $2.65 per share after Q1 results, while its management said its Amazon rollout has delivered double-digit week-over-week growth since February and attracted "younger and more affluent consumers," the report said.While the company continues to plan to deliver $175 million in cost savings this fiscal year, its international business faces substantial pressure, according to the report.UBS maintained a neutral rating on Bath & Body Works with a price target of $19.Price: $20.14, Change: $+0.69, Percent Change: +3.55%
Amazon-backed (AMZN) Anthropic plans to triple its international workforce after opening its new office in Milan, its sixth in Europe, Reuters said Thursday, citing Chris Ciauri, managing director for international.Ciauri said the company publicly announced a few weeks ago in London that it is opening a new office and it will have 800 employees there, according to the report."So Milan will get a lot bigger, Paris will get a lot bigger, Munich will get a lot bigger. There will be more offices," Ciauri said, Reuters reported.Anthropic did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $269.23, Change: $-2.62, Percent Change: -0.96%
Figma (FIG) shareholder Findell Capital Management on Thursday urged management to take steps to maximize shareholder value, including a review of its relationship with Amazon-backed (AMZN) Anthropic given the launch of Claude Design.In a letter sent to Figma's chief executive officer and board, Findell said Claude Design, which was released in April, directly competes with Figma.The shareholder raised concern that a few days before Claude Design was released, Anthropic Chief Product Officer Mike Krieger resigned from the Figma board. There remains two board members "who are material investors in Anthropic," according to Findell."We believe the Board should conduct an independent investigation to evaluate whether Anthropic benefitted from any improper use of Figma's confidential information," Findell said. "It may be appropriate to consider refreshing the membership of the Board in light of these potential conflicts."Findell also called on the management to simplify its offering and focus on its product suite on Design, Dev Mode, FigJam, and Make, as well as rationalize costs to bring these in line with peers.Figma and Anthropic didn't immediately respond to' request for comment.Shares of Figma were up more than 6% in Thursday trading.Price: $22.68, Change: $+1.34, Percent Change: +6.28%
Intuit (INTU) said Thursday that it has launched Analytics AI, a conversational analytics agent in Mailchimp that connects data across campaigns, audiences, and revenue to produce insights.Mailchimp has also launched an AI Segment Builder, currently a beta feature that builds the segment for an ideal audience that marketers describe, using behavioral, demographic, and engagement data, the company said.Intuit's Mailchimp has also expanded integrations with Amazon-backed (AMZN) Anthropic's Claude, Wix, and WooCommerce for ecommerce data and artificial intelligence-powered marketing capabilities, the company said.The Analytics AI feature is now available to all Mailchimp customers globally with paid plans, while AI Segment Builder is available to select customers in beta version with general availability coming soon, Intuit said.Price: $312.56, Change: $+4.83, Percent Change: +1.57%
US equity futures were edging lower pre-bell Thursday as fresh US and Iranian strikes once again threatened the fragile ceasefire between the two nations, reducing optimism surrounding a potential peace deal.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.2% lower.The US military said it had fired on Iranian drones over the Strait of Hormuz and attacked a military site in the port city of Bandar Abbas, which is the second time in three days it has struck targets in Iran for what it called self-defense. Iran said it responded by launching an attack on an American air base in the region.Traders observed the latest round of earnings, including those of several major Canadian banks. Royal Bank of Canada (RY) reported higher fiscal Q2 adjusted earnings and revenue, while Toronto-Dominion Bank (TD) posted increased fiscal Q2 adjusted earnings amid lower revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.2% at $94.26 per barrel and US West Texas Intermediate crude 2.4% higher at $90.73 per barrel.The April core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, released at 8:30 am ET, gained 0.2%, lower than the 0.3% increase in the prior month and the expected 0.3% gain in a survey compiled by Bloomberg.Initial jobless claims rose to 215,000 in the week ended May 23 from 210,000 level in the previous week, compared with expectations for a smaller increase to 211,000. Preliminary Q1 GDP growth was recorded at a 1.6% rise, compared with the advance estimate of a 2% increase.Durable goods new orders rose 7.9% in April after a 1.3% gain in the prior month, compared with expectations for a 4% increase.In other world markets, Japan's Nikkei closed 0.5% lower, Hong Kong's Hang Seng ended 1.3% lower, and China's Shanghai Composite finished 0.1% higher. Meanwhile, the UK's FTSE 100 was down 1%, and Germany's DAX index was 0.7% lower in Europe's early afternoon session.In equities, Dell Technologies (DELL) shares were up 4.6% after the company said its unit Dell Federal Systems won a blanket purchase agreement with an overall estimated value of $9.69 billion from the US Navy under the Department of Defense Enterprise Software Initiative. Snowflake (SNOW) stock was 37% higher after the cloud-based data platform lifted its fiscal 2027 product revenue outlook and agreed to a $6 billion infrastructure spending deal with Amazon's (AMZN) Amazon Web Services. Royal Bank of Canada shares were up 1.7% after the bank reported its fiscal Q2 financial results.On the losing side, HSBC (HSBC) stock was down 2.2% after a Bloomberg News report that UK's Cambridge University was withdrawing its investments from institutions providing financial support to fossil fuels, including the British bank. AstraZeneca (AZN) shares were 0.8% lower after the company said that the US Food and Drug Administration delayed the decision deadline for its new drug application regarding a combination breast cancer treatment.
Snowflake (SNOW) shares jumped early Thursday after the cloud-based data platform raised its full-year product revenue outlook on the back of better-than-expected fiscal first-quarter results, while the company agreed to a $6 billion infrastructure spending deal with Amazon's (AMZN) cloud platform.Product revenue, which accounts for the majority of the firm's total revenue, is now anticipated to come in at $5.84 billion for fiscal 2027, representing annual growth of 31%, Snowflake said late Wednesday. The company previously projected the key metric to be at $5.66 billion, while the current consensus on FactSet is for $5.78 billion.The stock surged 36% in the most recent premarket activity."Our forecast is based on existing consumption patterns," Chief Financial Officer Brian Robins said during an earnings call, according to a FactSet transcript. "Given the strength we've observed in both our core data platform business and (artificial intelligence) business, we are raising our guidance for the year."In a separate statement, Snowflake said it's expanding its collaboration with Amazon Web Services with a $6 billion commitment over five years for Graviton compute and AI workloads on Amazon's cloud, citing rising demand for data and AI services."AWS has committed to an expanded go-to-market investment and collaboration," Robins said on the call. "This agreement marks an important milestone in our ongoing partnership with AWS, and its impact is fully incorporated into our outlook."For the three months through April, Snowflake's adjusted earnings increased to $0.39 a share from $0.24 the year before, topping the Street's view for $0.32. Revenue climbed 33% to $1.39 billion, ahead of the average analyst estimate of $1.33 billion. Product revenue grew 34% to $1.33 billion, surpassing the market's forecast of $1.27 billion.The net revenue retention rate was 126%, while remaining performance obligations, or RPO, gained 38% year over year to $9.21 billion, according to the company."AI continues to be a powerful tailwind for Snowflake, and (the first quarter) marks a clear inflection point in that journey," Chief Executive Sridhar Ramaswamy said in a statement. "We are seeing strong momentum from both AI-driven acceleration of our core platform and growing adoption of our first-party AI products."The company expects product revenue of up to $1.42 billion for the current quarter, representing annual growth of about 30%. The Street is looking for $1.4 billion."(Snowflake's) deep infrastructure capabilities represent a strong moat that we believe positions (Snowflake) to capitalize on the AI revolution transforming the enterprise landscape front and center," Wedbush Securities said in an emailed client note. The brokerage raised its price target on the firm's stock to $280 from $270 and maintained its outperform rating.
(Updates with European Commission's press release in the headline and in the first and second paragraphs.)The European Commission said Wednesday it has adopted a proposal to establish an EU-level selection procedure for the assignment of mobile satellite spectrum to providers authorized to use the 2 GHz frequency band beyond 2027.The proposal will divide two-thirds of the spectrum between EU and non-EU operators for commercial use, while the remaining one-third will be dedicated to governmental use, such as security and military, which will be provided by an EU operator, the commission said.A Reuters report said Amazon's (AMZN) low-earth-orbit satellite business and SpaceX's Starlink can now bid for mobile satellite spectrum under the European Commission's proposal.Amazon and SpaceX did not immediately respond to' request for comment.Price: $270.02, Change: $+4.73, Percent Change: +1.78%
David Zapolsky, Senior Vice President, on May 21, 2026, sold 15,450 shares in Amazon (AMZN) for $4,117,252. Following the Form 4 filing with the SEC, Zapolsky has control over a total of 41,190 common shares of the company, with 41,190 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1018724/000155797926000006/xslF345X05/wk-form4_1779834363.xml
Douglas J Herrington, Chief Executive Officer Worldwide Amazon Stores, on May 21, 2026, sold 6,370 shares in Amazon (AMZN) for $1,671,439. Following the Form 4 filing with the SEC, Herrington has control over a total of 493,134 common shares of the company, with 486,527 shares held directly and 6,607 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1018724/000101872426000020/xslF345X05/wk-form4_1779834787.xml
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