IXIC: Nasdaq Rebounds as AI Rally Spreads Across Asia, Anthropic IPO Stirs Buying

Tech shares recover ahead of major earnings and the Fed, while Brazil’s selloff, elevated oil prices and Bitcoin’s weakness show how uneven the global rebound remains.

📈 AI optimism returns to stocks

• The Nasdaq Composite climbed 0.8% to 26,169.38 Monday, leading Wall Street higher as investors returned to beloved tech. The S&P 500 gained 0.7% to 7,676.77, while the Dow added 146 points, or 0.3%.
• Early Tuesday trading pointed to further gains, with Nasdaq-100 futures rising 0.4%. Those futures track the Nasdaq’s largest nonfinancial companies, rather than the full Composite.
• Anthropic’s public IPO filing helped revive confidence in AI demand, although its finances require careful reading. The Claude developer disclosed an $80.7 billion first-half net loss, largely reflecting accounting effects involving convertible securities.

💸 Individual moves and swings

• Individual stocks showed investors remain selective. Nvidia rose 2.4%, while Meta fell 1.9% after outlining an equity-funding plan worth up to $95 billion.
• Nvidia, AMD and Broadcom expressed interest in buying shares. That could help finance future chip purchases, while raising questions about suppliers investing in the customers buying their products.
• Tesla gained 5.2% after Barclays upgraded it to Overweight and raised its target to $450 from $370, citing business momentum and a potential SpaceX combination. Data-center company Celestica supplied another encouraging AI signal: quarterly sales surged 83%, and it forecast 90% revenue growth for 2027.

🌏 Asia rallies, Brazil reels

• South Korea’s Kospi jumped more than 4% and Japan’s Nikkei gained 1.9% in early Tuesday trading. The sharp rebound extended the recovery in technology across Asian markets.
• European equity futures were less enthusiastic, edging lower — a reminder that renewed demand for chip stocks does not automatically translate into stronger sentiment everywhere.
• Brazil provided the starkest contrast. The Bovespa plunged 13.9% Monday, its worst session since March 2020, following Lula’s reelection. Trading briefly halted as investors reassessed government spending and debt. The real finished down 8.1% against the dollar.
• Brent crude eased toward $115 a barrel, offering some relief without removing the inflation problem. Monday’s settlement left the benchmark almost 12% higher for October. ‘

🏦 Rates remain the next major test

• The dollar retained support as traders prepared for central-bank decisions. USD/JPY traded near 157.70, with Friday’s Bank of Japan meeting approaching with a hold expected. The important question is whether policymakers strengthen the case for a December increase.
• Gold eased toward $4,010 an ounce, while Bitcoin remained around $80,000, with an early Tuesday snapshot placing it just below that threshold.
• Crypto’s failure to match the equity rebound is worth watching: stronger appetite for technology shares has yet to produce an equally convincing recovery in digital assets.

💰 Big things coming

• Wednesday’s Fed announcement, this week’s biggest economic news, shifts attention from current economic conditions to the likely path of interest rates.
• Microsoft and Alphabet report Wednesday, followed by Amazon Thursday, putting cloud growth, AI spending and cash generation under scrutiny.
• Thursday also brings US GDP, PCE inflation and the ECB decision, before the BOJ on Friday. The rebound enters a demanding stretch: earnings must support growth expectations while inflation data determine how much room central banks have to pause.