The Rundown Anthropic Eyes 2026 IPO, Amazon Launches New AI Chip
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Dec 3, 2025 In a dynamic market update, Trump hints at Kevin Hassett for the Fed Chair role, potentially influencing future rate cuts. Anthropic plans a 2026 IPO, showcasing impressive valuation and growth. Meanwhile, Amazon unveils its new Tranium 3 chips, with Anthropic as a major customer, signaling a tech revolution. Earnings reports reveal American Eagle's strong performance while Macy’s forecasts provide mixed signals. In a philanthropic twist, Michael Dell makes headlines with a significant donation aimed at educating and investing in the future of children.
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Hassett Hint Moves Markets
- President Trump hinted Kevin Hassett is his likely pick for Fed chair, calling it a "slam dunk."
- Hassett's history favors lower rates, which could boost markets but challenge inflation control.
Anthropic Eyes A Massive IPO
- Anthropic is preparing for a potential 2026 IPO after hiring a law firm and talking to banks.
- The company grew from a $1B to ~$9B ARR in a year but is spending heavily on a $50B infrastructure buildout.
Valuation Surge Raises Market Questions
- Recent funding from Microsoft and NVIDIA valued Anthropic between $300B and $350B after a $15B combined investment.
- That valuation is roughly five times higher than March and raises questions about performance if AI enthusiasm cools.