Stock futures are slightly higher and bitcoin is rising as the market looks to add to yesterday’s gains; AI company Anthropic is reportedly considering an initial public offering; Apple is expected to post its best year of iPhone sales thanks to strong demand in China; shares of Marvell Technologies are soaring after the chip company reported strong earnings; and American Eagle stock is surging after the retailer said its performance got a boost from its affiliations with Sydney Sweeney and Travis Kelce. Here’s what you need to know today.
Stock Futures Rise After Major Indexes Posted Solid Gains Tuesday
Stock futures are pointing to a slightly higher open this morning as the market looks to gain ground for the second straight session after having a week-long winning streak snapped on Monday. Futures tied to the Dow Jones Industrial Average, the benchmark S&P 500 and the tech-focused Nasdaq were up 0.2% recently. The major indexes posted solid gains on Tuesday as tech stocks rallied and bitcoin rebounded from a recent sell-off. Bitcoin was trading at $93,000 recently, up from an overnight low of around $91,000 and a low on Monday below $84,000. Gold futures were up 0.5% at $4,245 an ounce, while WTI crude oil futures rose 1.3% to $59.40 per barrel. The yield on the 10-year Treasury note, which affects borrowing costs on all sorts of loans, was at 4.06%, down from 4.09% at yesterday’s close.
Anthropic Reportedly Considering IPO, or Another Funding Round
AI company Anthropic, backed by Amazon (AMZN) and the maker of the Claude chatbot, is reportedly in the early stages of considering an initial public offering the Financial Times reported. The company is reportedly working with a high-profile IPO law firm, and is in preliminary talks with banks to gauge interest. Anthropic is also considering raising more funding privately, with a new round that could include $15 billion from AI heavyweights Nvidia (NVDA) and Microsoft (MSFT) and would value Anthropic at over $300 billion. AI startups such as Anthropic and OpenAI have commanded tremendous amounts of money from the private capital markets in recent years, but few purely AI companies are on the stock market today. Reports have also suggested that ChatGPT maker OpenAI is considering an IPO, but not in the immediate future, according to CNBC. Going public would require more financial disclosures than OpenAI and Anthropic are required to provide as private companies, and test how prepared investors are to put money into AI chatbot makers that have been burning through tens of billions in recent years with an unclear path to profitability.
Apple iPhone Sales Surge Amid Booming China Demand
Apple (AAPL) is expected to post a record number of smartphone shipments globally in 2025 thanks to the success of its iPhone 17 model, according to data released by International Data Corporation. IDC estimates that Apple shipments will surpass 247 million units this year, a 6.1% increase from the year before. Huge demand in China is primarily responsible for the surge. IDC projects that Apple’s China sales for the fourth quarter will be 17% higher than a year ago, while sales growth for the full year will be up 3%, both well above previous projections. IDC expects the global smartphone market to contract by 0.9% in 2026 owing to a shortage of memory components. Also, Apple reportedly has considered moving the iPhone 18 launch to early 2027 rather than its typical fall announcement and release window.
Marvell Stock Jumps After Earnings Report, Acquisition News
Shares of Marvell Technologies (MRVL) are soaring in premarket trading after the semiconductor manufacturer topped profit estimates and announced a $3.25 billion acquisition. Marvell posted earnings in its fiscal 2026 third quarter of 76 cents per share, slightly topping the Wall Street consensus, while revenue of $2.07 billion matched analysts’ estimates. Meanwhile, Marvell announced a deal to acquire Celestial AI, whose technology Marvell says can help make the servers inside the data centers that train and run AI models more efficient. Marvell expects the deal to close in the first quarter of next year, with Celestial AI meaningfully contributing to revenue by the back half of fiscal 2028. Marvell stock, which through yesterday’s close was down 16% since the start of the year, rose more than 10% ahead of the opening bell.
American Eagle’s Performance Gets a Boost from Sweeney and Kelce
Shares of American Eagle Outfitters (AEO) are surging after the clothing retailer posted strong results and raised its outlook. The clothing retailer behind its namesake brand and others including Aerie said Tuesday it generated $1.36 billion in revenue in the third quarter, along with earnings per share of $0.53. Each was higher than the analyst consensus compiled by Visible Alpha. Comparable store sales rose 4% across the whole company. American Eagle lifted its forecasts for sales growth and operating income for the fourth quarter. In its earnings call, CEO Jay Schottenstein called out the company’s recent marketing partnerships with celebrities such as actress Sydney Sweeney and Kansas City Chiefs star Travis Kelce, saying they delivered “measurable benefits,” per an AlphaSense transcript.
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