Anthropic 本周提交的 S-1 注册声明帮助重振了人工智能板块的交易热情，许多此前表现挣扎的股票突然转涨，因为投资者寻求接触这家前沿大语言模型供应商。本周，半导体股反弹，iShares 半导体 ETF（SOXX）截至周三交易上涨 8%。存储芯片股飙升，Roundhill 存储芯片 ETF（DRAM）本周迄今上涨 13%。网络安全股反弹，iShares 网络安全与科技 ETF（IHAK）本周上涨 3%。
Anthropic's S-1 filing this week helped revive the artificial intelligence trade, with many stocks that had been struggling suddenly turning higher as investors sought exposure to the frontier large language model provider. This week, semiconductors bounced back, with the iShares Semiconductor ETF (SOXX) gaining 8% as of Wednesday's trading. Memory stocks surged, with the Roundhill Memory ETF (DRAM) rising 13% week to date. Cybersecurity stocks rallied, with the iShares Cybersecurity & Tech ETF (IHAK) up 3% this week.
华尔街预计，市场可以乘着这波乐观情绪持续一段时间，因为交易员们热议着抓住“下一个大热门”的机会——即使据报道，这个“下一个大热门”寻求的 IPO 估值高达 1.5 万亿至 2 万亿美元。“交易员一直在预期这一点，”Freedom Capital Markets 首席市场策略师 Jay Woods 表示，并补充道，“所有这些对 AI 的担忧、传言、忧虑目前都将得到缓解。”
Wall Street expects that the market can ride that wave of optimism for some time, as traders buzz over the opportunity to get in on the "next big thing" — even when that next big thing is reportedly seeking an IPO valuation of $1.5 trillion to $2 trillion . "Traders have been anticipating this," Jay Woods, chief market strategist at Freedom Capital Markets, said, adding, "All of these AI fears, and rumors, concerns will be abated for now."
话虽如此，IPO 并不总是对新上市公司有利，根据 Truist Wealth 的数据，过去 15 年中许多 IPO 表现不佳，在首年遭遇严重回撤。SpaceX 就是一个最近的例子，该股周二收于每股 148.58 美元，而其在 6 月首秀后的几天曾一度突破 225 美元；其 IPO 发行价为 135 美元。此外，大规模 IPO 可能会给本已拥挤的市场带来压力，有可能使反弹脱轨，正如 CNBC 的 Jim Cramer 本周警告的那样。
To be sure, IPOs haven't always worked out for the newly public companies, with many over the last 15 years performing poorly and suffering severe drawdowns in their first year, according to Truist Wealth. SpaceX is one recent example, with the stock closing Tuesday at $148.58 per share, after topping $225 in the days immediately after its June debut; its IPO price was $135. On top of that, the massive IPO could put strain on an already crowded market, potentially derailing the rally, as CNBC's Jim Cramer warned this week .
但渴望分一杯羹的投资者并不等待 Anthropic 的 IPO，他们现在就已入场。以下是可能受益的股票、基金和 ETF。股票多位华尔街分析师称 Broadcom 是 Anthropic IPO 的大赢家，因为这家芯片制造商是主要合作伙伴。本周，Broadcom 表示，已设立一家特殊目的载体，为向 Anthropic 租赁价值 630 亿美元的芯片和网络产品提供融资。
But investors raring for a piece aren't waiting around for Anthropic's IPO, they're getting in now. Here are the stocks, funds and ETFs that could benefit. Stocks Several Wall Street analysts called Broadcom a big winner of Anthropic's IPO , as the chipmaker is a major partner. This week, Broadcom said that a special purpose vehicle has been created to finance $63 billion in chips and networking products to be leased to Anthropic.
本月初，Anthropic 表示 Broadcom 同意向其提供高达 420 亿美元贷款，用于为 Claude 背后的公司构建 AI 基础设施。本周股价上涨 8%。Neocloud 公司可能从 IPO 中受益。Truist Securities 本周表示，鉴于安全要求的提升和智能体采用的增加将需要更多训练和推理算力，其看到“重大的未来机遇”。CoreWeave 和 Nebius Group 股价本周分别上涨近 12% 和逾 8%。
Earlier this month, Anthropic said Broadcom agreed to lend it up to $42 billion to build out AI infrastructure for the company behind Claude. Shares are up 8% for the week. Neocloud companies could benefit from the IPO. Truist Securities said this week that it sees "significant opportunity ahead" given that the rise in safety requirements and agentic adoption will require more training and inferencing compute. Shares of CoreWeave and Nebius Group are up almost 12% and more than 8% this week, respectively.
Amazon 和 Alphabet 是 Anthropic 的两个直接替代投资标的，因它们各自独立投资了这家 AI 公司。4 月，Amazon 同意向该公司投资高达 250 亿美元。同月，Google 表示计划向 Anthropic 投资高达 400 亿美元，扩大双方长期的合作伙伴关系。
Amazon and Alphabet are two direct proxies for Anthropic, given their independent investments in the AI company. In April, Amazon agreed to invest up to $25 billion in the company. That same month, Google said it plans to invest up to $40 billion in Anthropic , expanding on a longstanding partnership between the two companies.
基金 在持有 Anthropic 敞口较大的基金中，包括 American Funds 旗下的 The Growth Fund of America (AGTHX)，这是一只大盘成长型基金，资产超过 3500 亿美元。根据其招募说明书，截至 8 月 31 日，该基金在 Anthropic 的持仓价值约为 63.5 亿美元，涵盖普通股和优先证券。据 Morningstar 数据，今年以来该基金回报超过 8%。其调整后费用率为 0.59%。
Funds Among the funds that have sizable exposure to Anthropic is the American Funds' The Growth Fund of America (AGTHX) , a large-cap growth fund with more than $350 billion in assets. As of Aug. 31, the fund's holdings in Anthropic were valued at about $6.35 billion across common stocks and preferred securities, according to its prospectus . Year to date, the fund has seen a return of more than 8%, according to Morningstar. It has an adjusted expense ratio of 0.59%.
ETF T. Rowe Price Capital Appreciation Equity ETF (TCAF) 资产约 80 亿美元，是一只大盘混合型基金，持有 Anthropic 敞口。6 月披露，该 ETF 于 5 月收购了该 AI 公司的股份，价值 5400 万美元。其前十大重仓股包括 Amazon、Alphabet 和 Nvidia。其调整后费用率为 0.31%。
ETFs The T. Rowe Price Capital Appreciation Equity ETF (TCAF) , which has roughly $8 billion in assets, is a large-cap blended fund with exposure to Anthropic. In June, it reported that it acquired a stake in the AI company in May that's valued at $54 million. The ETF has Amazon, Alphabet and Nvidia among its top holdings. It has a 0.31% adjusted expense ratio.