Anthropic Revenue Surge Lifts U.S. Tech Stock Futures

U.S. stock futures rose on Monday, driven by a surge in technology and semiconductor stocks following a strong financial report from Anthropic. The AI firm reported preliminary second-quarter revenue of $11.5 billion, representing a 14-fold increase year-over-year, and projected 2028 revenues to reach between $190 billion and $200 billion.

This growth in AI demand bolstered investor confidence in the Nasdaq and S&P 500, though market participants remain cautious. Investors are weighing soft inflation and retail sales data, which have lowered the probability of a September interest-rate hike to roughly 30%, against elevated oil prices caused by the conflict with Iran. President Donald Trump warned that the war could lead to high fuel prices, describing Tehran as "very evil."

Market attention now shifts to upcoming earnings reports from Walmart and Home Depot, as well as next week's results from Nvidia, to determine if the current growth narrative remains resilient. Meanwhile, Federal Reserve Chair Kevin Warsh has stepped back from providing forward policy guidance as the central bank monitors economic indicators.