For Immediate Release
Chicago, IL – October 28, 2026– Today, Zacks Investment Ideas feature highlights Meta META, Tesla TSLA, Microsoft MSFT and Alphabet GOOGL.
Here’s What to Expect from the Busiest Week of Q4
Stocks opened higher to kick off the final trading week of October as the AI trade rebounded ahead of the heaviest part of the earnings calendar.
The Nasdaq (+0.82%) and S&P 500 (+0.70%) posted solid gains on Monday, while the Dow (+0.28%) lagged a bit, reversing the recent trend of outperformance. Technology led the sector table alongside consumer discretionary and industrials, while communication services were the worst performers.
Staples and health care pulled back from recent 52-week highs as capital rotated out of the defensive positioning that has worked all month.
Anthropic Files for Long-Awaited IPO
Monday’s catalyst was Anthropic’s public filing for a U.S. initial public offering. Anthropic is the developer of Claude, one of the leading AI chatbots. The company filed its S-1 prospectus with the SEC on Monday and intends to trade under the ticker ‘ANT.’
The filing reported revenue of $16.3 billion for the six months ended June, against $4.6 billion for the whole of 2025, and AI infrastructure spending of $9 billion in the first half of 2026 versus $7.3 billion across all of 2025.
Approximately one-fifth of revenue came from two customers. The company reported a net loss of $80.7 billion through June, which it attributes largely to accounting charges, and disclosed an agreement to spend up to $120.5 billion with SpaceX’s AI unit through 2029. Risk factors cited include increasingly restrictive AI regulation. Press reports indicate some investors value the company near $1.5 trillion, down from roughly $2 trillion a week earlier.
AI Financing Debate Remains Front and Center
Despite the seemingly positive session to start the week, the AI financing question did not go away — it got louder. Facebook-parent Meta announced plans to raise approximately $95 billion in equity to fund AI infrastructure, which follows directly from the non-voting share class the company disclosed last Wednesday and from a quarter in which capital spending exceeded operating cash flow.
Separately,Tesla CEO Elon Musk warned that debt markets have effectively cut off funding for AI data center operators that lack independent revenue, which sent the neocloud and data center names — Nebius, CoreWeave, IREN and peers — into volatile trading before CoreWeave recovered into positive territory.
