NEW YORK, Oct 28 — Wall Street stocks rose for a second straight session Tuesday behind renewed enthusiasm for artificial intelligence-linked shares as markets awaited a Federal Reserve decision and earnings from big AI players.
Major US indices advanced, led by the tech-rich Nasdaq, which capitalised on AI enthusiasm following Anthropic’s IPO filing while also greeting an announcement from Broadcom about a major new financing deal for AI investment.
“The buy-the-dip trade is taking place,” said Briefing.com analyst Patrick O’Hare. “You have the market being led by the AI stocks and particularly the semiconductors and those larger hyperscaler names.”
In a share-launch filing Monday, Anthropic, the mother company for Claude AI, reported first-half revenue surged about 1,300 per cent year-on-year, but also flagged heavy capital spending ahead.
