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Good morning. Stocks rebounded on Monday following a brutal sell-off in Tech last week. Anthropic meanwhile released an amended S-1 filing that included third quarter financials.
The AI developer said its revenue for the third quarter was $16.96 billion, up from $1.38 billion during the same quarter last year.
Marvell Technology (MRVL) shares fell after the chip designer announced it will acquire optical component maker Lumentum (LITE) in a deal valued at $115 billion. The transaction would mark the largest merger between two publicly traded companies on record.
Here’s a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
Energy (XLE) stocks tumbled as oil prices slid.
Brent crude oil futures (BZ=F) tumbled 6% to hover near $106 per barrel, while WTI (CL=F) also fell to around $97 per barrel amid hopes of peace talks in the Iran-US conflict.
Here are some other notable stocks that Yahoo Finance readers are viewing this morning: EchoStar (ECHO), Palantir (PLTR), and Oracle (ORCL).
