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Market rumors suggest that AI startup Anthropic, driven by rapidly surging revenue, could see its valuation more than double from current levels to $2 trillion or even higher. If achieved, this would mean Anthropic surpassing SpaceX to record the largest initial public offering (IPO) in history. However, just how likely is this scenario?

TradingKey - Data released by the U.S. Bureau of Labor Statistics on Thursday showed that the U.S. Producer Price Index (PPI) was flat month-on-month in July, coming in below market expectations of a 0.2% gain. Year-on-year, it rose 4.7%, marking a notable slowdown from 5.5% in June and below market forecasts of 4.9%, indicating that producer-side inflationary pressures in the U.S. are cooling.

AMAT recovered from $436 low to $548.34, testing $554.94 breakout. Q3 earnings tonight (Aug 13 AC): $9B revenue expected. Breakout could expose $582-650 on beat.

TradingKey - On Thursday, August 13 (ET), futures on the three major U.S. stock indices rose slightly in pre-market trading as markets awaited the U.S. July Producer Price Index (PPI) and initial jobless claims data. In the previous session, mild CPI figures and AI earnings reports propelled a rally in U.S. stocks, bringing the S&P 500 Index close to a record high. However, ahead of the PPI release, investors remained cautious as they evaluated the balance among inflation, interest rates, and AI valuations.

Cisco rallied to $123.88 testing $124.62 descending trendline. Q4 earnings tonight: $9B revenue expected. Stock poised for breakout toward $129.75 on AI networking demand.

IBM partners with OpenAI to expand into enterprise AI, sending its stock surging toward $240.

South Korea's sovereign wealth fund, KIC, has purchased shares of Circle for the first time, providing the company with a significant institutional endorsement.

TradingKey - Billionaire investor Bill Ackman's Pershing Square revealed in its latest disclosure that the firm initiated a new position in Netflix (NFLX) in the second quarter, while also buying Visa (V), Mastercard (MA), S&P Global (SPGI), Intercontinental Exchange (ICE), and Alcon (ALC), adding a total of six companies.

The KOSPI index has rebounded by over 30% to surpass 6,800 points, primarily driven by short covering, a recovery in Samsung and SK Hynix, and expectations of Federal Reserve rate cuts. Although it has technically re-entered a bull market, it still faces high volatility and selling pressure from trapped positions. If the index fails to hold the 5,000-point level, investors should beware of a potential bull trap.

TradingKey - On August 12 ET, Counterpoint Research released its Q2 2026 memory market report. YMTC climbed to third place globally for the first time with a 14% NAND shipment share, trailing only Samsung (25%) and SK Hynix (SKHY) (22%), and slightly surpassing Kioxia; Micron (MU) ranked fifth with 13%.

TradingKey - On August 12, SanDisk (SNDK) and Japan's Kioxia jointly announced their ninth-generation high-performance 2Tb QLC 3D NAND flash memory technology, targeting AI infrastructure, cloud computing, and other data-intensive applications. The launch of the new product has once again focused market attention on a sector being redefined by AI: beyond GPUs and HBM, as AI model training, inference, and data processing scale up, the market's positive feedback on next-generation flash technology stems both from product performance itself and from investor expectations of AI-driven growth in NAND demand. Over the past year, SanDisk has become one of the strongest-performing memory stocks in the U.S. market. However, its share price suffered a sharp pullback after reaching an all-time high of $2,335 in June and remains subject to severe volatility recently. SanDisk's stock price dropped 13.3% in a single day following its early-August earnings announcement, despite the company...

TradingKey - As of the Asian session on August 13, gold prices (XAUUSD) pulled back intraday after yesterday's CPI pushed them up near $4,450, with the latest price trading around $4,380. This indicates that the market remains cautious ahead of the PPI data release, as profit-taking by some investors has driven the pullback in gold prices.

TradingKey - On August 13, Japanese and South Korean stock markets extended their previous upward momentum at the close, with SK Hynix rising nearly 6%, Samsung Electronics gaining nearly 5%, and Kioxia climbing nearly 4%.

TradingKey - As demand for AI computing power continues to heat up, two next-generation AI cloud service providers reported better-than-expected earnings results, reigniting market confidence in demand for AI infrastructure. In US trading on August 12, shares of Nebius (NBIS) surged 34% to close at $247.05, with intraday gains exceeding 40%, while CoreWeave (CRWV) rose 19% to close at $107.73.

TradingKey - On August 12 ET, Bloomberg reported, citing people familiar with the matter, that Anthropic is in talks to acquire AI startup Decart AI in a deal valued at approximately $6 billion.

TradingKey - Elon Musk recently stated at an internal SpaceX (SPCX) employee meeting that within the next five years, the AI business could account for approximately 99% of SpaceX's corporate value, by which time the company's overall valuation will reach an "astronomical figure."

TradingKey - On August 11, TSMC disclosed at the OCP APAC Summit that its 5.5x reticle size CoWoS advanced packaging solution has entered mass production. The solution can accommodate up to 12 HBM4 stacks and has been validated across products from multiple AI customers, with yield rates for certain AI chips consistently exceeding 98% and select cases even reaching 99%.

TradingKey - Oracle stock rebounds after a sharp decline as investors weigh new layoffs, rising AI spending, debt, backlog growth and upcoming earnings.

TradingKey - Alphabet stock fell to $342 as investors weigh rising AI spending, new debt, Google Cloud growth and regulatory risks. Here’s what GOOGL investors should watch next.

TradingKey - On August 13, Japanese and South Korean stock markets extended their strong performance in early trading. Samsung rose over 5%, SK Hynix gained over 7%, Kioxia climbed nearly 7%, and SoftBank rose over 2%.