US Stocks Daily | Anthropic Files for IPO as Tech Stocks Lead Gains, Fed Expected to Hold Steady, Brazilian Market Plunges

1. Top Stories Summary

1. Anthropic publicly files S-1 prospectus, H1 revenue of $16.3 billion, tech stocks rally on the boost. This marks the first frontier AI lab to formally file for an IPO, with the ticker proposed as "ANT." The prospectus also discloses that the company remains in a state of significant losses (net loss of approximately $80.7 billion in H1), but strong revenue growth drove the semiconductor sector up 2.82% in a single day.
2. The Fed is expected to announce unchanged rates this Wednesday (October 28), with markets watching for wording changes. Multiple media outlets (CNBC, WSJ, CBS, Semafor) unanimously expect the FOMC to hold steady this meeting. Bank of America still forecasts a hike but with low confidence; Detroit Free Press notes that if rates are raised, borrowing costs will rise further. The federal funds rate currently stands at 3.75-4.00%.
3. Strategy (MSTR) breaks its four-week Bitcoin buying streak, pivots to STRC preferred stock buybacks. Seeking Alpha and Investing.com report that Strategy paused Bitcoin purchases this week while repurchasing $204.9 million of STRC preferred stock. Previously, on October 12, the company purchased 250 BTC and repurchased $192 million of STRC. TradingView reports that Michael Saylor has expanded the STRC buyback plan to $3 billion. 24/7 Wall St. notes that Strategy recorded an $8.3 billion unrealized loss on Bitcoin last quarter.
4. Brazil's Lula's surprise re-election triggers market turmoil, some stocks plunge 50%. Reuters, Bloomberg, NYT, The Economist and other outlets report that Brazilian equities and the real fell sharply, with some individual stocks dropping as much as 50%. CNBC notes the shockwave spread to the neocloud sector, with AI infrastructure stocks such as CoreWeave under pressure.
5. CoreWeave (CRWV) continues to face pressure, short sellers profit $6 billion. Seeking Alpha reports CoreWeave fell 10% to a 52-week low; 24/7 Wall St. notes short sellers profited $6 billion from the decline in AI data center stocks; TradingKey analyzes that CoreWeave faces financing pressure from a $100 billion order backlog versus a $20 billion funding gap, with shares potentially falling another 16%.

2. US Stock Market and Macro

Three Major Indices Close (US Eastern 2026-10-26 16:00)

Data source: Yahoo Finance

Other Key Indicators

Data source: Yahoo Finance

Market Drivers

• Anthropic IPO boosts tech/AI sentiment: The first frontier AI lab to publicly file an S-1 prospectus, with H1 revenue of $16.3 billion, leading semiconductors and AI sectors higher. The SOX rose 2.82% in a single day, the largest gain in recent memory.
• Wait-and-see ahead of Fed decision: The market broadly expects the FOMC to hold rates steady this week, with the 10Y yield edging down to 4.986%.
• Limited contagion from Brazil shock: The Brazil market turmoil mainly affects emerging market assets and some neocloud stocks, with limited impact on the broader US market.
• Oil prices pull back: WTI fell from above $103 to $101.52, easing inflation concerns.

3. Hot Stocks and Sectors

1. Anthropic (Proposed Ticker: ANT) — Frontier AI Lab IPO

• Event: On October 26, publicly filed an S-1 prospectus with the SEC, planning to list on Nasdaq under the ticker "ANT."
• Key data: H1 revenue of $16.3 billion; net loss of approximately $80.7 billion (including substantial R&D and compute expenses); adopts a dual-class share structure, modeled after Zuckerberg/Musk.
• Impact: As the first frontier AI lab IPO, it validates the commercialization progress of the AI sector and capital market acceptance. It lifted overall tech/AI sector sentiment, with the SOX index up 2.82% in a single day.
• Risks: Massive losses and questionable sustainability of compute capital expenditures; Business Insider reports the IPO has raised market concerns about an oversupply of AI stocks.

2. Semiconductor Sector (SOX +2.82%)

• Event: Anthropic IPO news combined with expectations for tech earnings week drove the semiconductor sector higher.
• Impact: The SOX rose from 10,779.46 to 11,083.47. This week, tech giants including Microsoft, Alphabet, Amazon, and Intel will report earnings intensively, with AI capital expenditures and chip demand as core focal points.

3. CoreWeave (CRWV) — AI Compute/Data Centers

• Event: Share price continues to face pressure, hitting a 52-week low. Short sellers have accumulated $6 billion in profits from the decline in AI data center stocks.
• Key data: Fell 10% in a single day on October 22; the company faces financing pressure from approximately $100 billion in orders versus a $20 billion funding gap.
• Impact: The market is repricing the "credit risk" of AI infrastructure, with the neocloud sector under broad pressure.

4. Brazil-Related Assets — Lula Re-election Shock

• Event: Brazilian President Lula unexpectedly won re-election, triggering a sharp market reaction.
• Key data: Some Brazilian stocks plunged as much as 50%, and the real depreciated sharply.
• Impact: WSJ commented "the market didn't vote for Lula"; The Economist noted growing investor concerns about Brazil's fiscal discipline. Direct impact on US stocks is limited, but it may weigh on emerging market ETFs and multinational companies' business expectations in Brazil.

5. Visa (V) — After-Hours Earnings

• Event: Visa will report FY2026 Q4 earnings (quarter ended September) after the close on October 27 (Tuesday).
• Key data: EPS of $2.98 in the year-ago period; analysts expect EPS of $3.43 this quarter (12 analysts); market cap of $728.9 billion.
• Focus areas: Progress on stablecoin and crypto payment integration (CoinDesk reports stablecoin payment volume jumped 45% to $482 billion, with Visa/Mastercard/Stripe connecting crypto and fiat); cross-border payment volumes and consumer trends.

6. Dense Tech Earnings This Week

• Event: Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Intel (INTC), Eli Lilly (LLY) and others will report earnings successively.
• Impact: Markets are focused on the scale of AI capital expenditures and return expectations. Yahoo Finance calls this week a "super week for tech earnings" compounded by the Fed meeting.

4. Crypto-Related US Stocks

DAT Company Developments

Strategy (MSTR) — Pauses Bitcoin Purchases, Pivots to STRC Buybacks

• Pauses Bitcoin purchases: Seeking Alpha reports "Strategy breaks four-week Bitcoin buying run as BTC slips" — the company broke its four-week streak of Bitcoin purchases. Investing.com confirms Strategy paused Bitcoin purchases while repurchasing $204.9 million of STRC preferred stock.
• STRC buyback expanded: TradingView reports Michael Saylor has expanded the STRC buyback plan to $3 billion, remaining "muted" on Bitcoin purchases.
• Q3 unrealized loss focus: 24/7 Wall St. reports Strategy recorded an $8.3 billion unrealized loss on Bitcoin last quarter (under fair value accounting standards), and questions whether Q3 can turn profitable. investingLive analysis notes Strategy prioritized buybacks over Bitcoin purchases ahead of earnings.
• Background: Previously on October 12, Strategy purchased 250 BTC and repurchased $192 million of STRC.

Bitmine (BMNR) and Strive (ASST) — Continue Accumulating

• BMNR: According to CrowdFund Insider (October 6) data, Bitmine's ETH holdings have reached 6.02 million. TradingView reports Tom Lee commented that BMNR and ASST continue to expand their crypto treasuries.
• ASST: CrowdFund Insider reports ASST's BTC holdings are approaching MARA Holdings' level. TD Cowen raised ASST's price target by 27% to $56 on October 17, citing accelerated Bitcoin accumulation.

New Entrants and Transformations

• No new DAT transformation announcements today. Recent notable developments: BMNR and ASST, as emerging DAT companies, continue to accumulate BTC/ETH, but these are not new announcements today.
• MSCI index inclusion: Stocktwits (March 5) previously reported that MSCI decided not to exclude DAT companies from its indices, a positive for MSTR, BMNR, and ASST.

Broad Crypto US Stocks

Exchanges and Platforms

• HOOD earnings expectations: The Nasdaq calendar shows HOOD will report Q3 earnings after the close on November 5, with EPS of $0.61 in the year-ago period and analysts expecting EPS of $0.56 this quarter.

Spot Bitcoin ETFs

• Fund flows: Tokenist (October 15) reports FBTC and IBIT saw combined outflows of $263.6 million in a single day. Previously (October 4), 24/7 Wall St. reported BlackRock's IBIT absorbed $196 million in a single day, while Fidelity's FBTC had only one day of positive inflows for the entire week.
• Trend: Bitcoin ETF flows are diverging — IBIT as the leader still sees intermittent large inflows, but overall inflow momentum is slowing.

Miners

• AI/HPC transformation: CoinDesk previously reported that VanEck noted miners' AI transformation faces a $50 billion reality check. Hut 8 and IREN secured multi-billion dollar new contracts in July, boosting AI compute stocks such as MARA, RIOT, and WULF.

Stablecoins and Payments

• Visa/Mastercard/Stripe: CoinDesk (October 18) reports stablecoin supply growth has stagnated, but payment volume jumped 45% to $482 billion, with Visa, Mastercard, and Stripe actively connecting crypto and traditional payments.
• Mesh × Visa: The Paypers (October 23) and The Block (October 19) report Mesh partnered with Visa to let users spend crypto asset balances without a separate crypto card.
• Stripe/Visa consortium stablecoin: Bloomberg (September 30) reports the consortium backed by Stripe and Visa issued a USD stablecoin.
• Sources: CoinDesk, The Paypers, TheBlock, Bloomberg, September 30 - October 23.

Regulatory and Accounting Drivers

• SEC/FASB continue advancing crypto rules: CFO Dive (August 18) reports the SEC and FASB are separately advancing crypto proposals, while the Clarity Act stalls in Congress. FASB's stablecoin cash-equivalent proposal is seen as "the accounting infrastructure institutions have been waiting for" (Yahoo Finance, August 20).
• Impact: Clarification of accounting standards (stablecoins can be recognized as cash equivalents) will reduce the legal and financial friction for companies holding crypto assets, benefiting DAT companies and institutional entry.
• Sources: CFO Dive, Yahoo Finance, WSJ, August.

Crypto US Stock Watchlist Changes

5. Geopolitical Impact

1. Brazil Election Shock

• Event: Brazilian President Lula unexpectedly won re-election, triggering a sharp market reaction.
• Transmission path: Brazilian stocks plunge (some individual stocks -50%) → real depreciates sharply → emerging market risk appetite declines → some capital flows back to USD assets.
• Impact on US stocks: Direct impact is limited (Brazil has low weight in US equities), but it may weigh on emerging market ETFs (such as EWM, EWW) and multinational companies' business expectations in Brazil. CNBC reports the shockwave spread to the neocloud sector.
• Impact on crypto: Emerging market turmoil is typically short-term negative for risk assets (including BTC), but may boost the "digital gold" narrative in the medium to long term.
• Sources: Reuters, Bloomberg, NYT, The Economist, WSJ, Barron's, October 26.

2. Fed and Interest Rate Policy

• Event: The FOMC will announce its rate decision this Wednesday (October 28).
• Transmission path: Market expects rates to remain unchanged → if wording is hawkish (hinting at a possible December hike) → US Treasury yields rise → high-valuation tech stocks and crypto assets come under pressure; if wording is dovish → risk assets rebound.
• Uncertainty: Bank of America still forecasts a hike but with low confidence; Detroit Free Press analyzes the impact of a hike on borrowing costs; Washington Post notes the Fed typically holds rates steady before elections.
• Sources: WSJ, CNBC, CBS News, Semafor, Morningstar, Detroit Free Press, October 26.

3. Middle East Situation and Oil Prices

• Background: Saudi Aramco's Shaybah oil field was previously attacked by drones, the US deployed a third aircraft carrier, and WTI briefly surged to $103.
• Latest: WTI pulled back to $101.52 (-1.70%), but remains at elevated levels.
• Transmission path: High oil prices → rising inflation expectations → increased Fed rate hike pressure → pressuring tech and crypto assets.
• Sources: Reuters, EIA, October 26.

6. Today's Focus (Next 24 Hours)

October 27 (Tuesday)

Later This Week

• Tech giant earnings: Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Intel (INTC), Eli Lilly (LLY) will report successively.
• November 5: Robinhood (HOOD) Q3 earnings after the close.

Risk Watch

1. Fed decision wording: If it hints at a rising probability of a December hike, tech and crypto assets may come under pressure.
2. Tech earnings AI capital expenditures: Markets will scrutinize the scale of AI investment and return expectations from major tech companies; AI sector sentiment is sensitive following the Anthropic IPO.
3. Brazil shock contagion: Watch whether emerging market assets continue to decline and whether risk appetite is affected.
4. Strategy Q3 earnings: The company is about to report Q3 results; how the $8.3 billion Bitcoin unrealized loss affects financial statements and market sentiment.
5. Oil price trajectory: W