Big week ahead for AI: NVIDIA drops its earnings report Tuesday.
The company's stock took a 32% tumble over the past six weeks but has started to bounce back, ending this week just 13% down.
Meanwhile, Anthropic is set to launch its IPO on Thursday, giving investors a fresh chance to bet on AI as the S&P 500 tech sector is higher by more than 2%, set to snap a five-week slump.
NVIDIA plans, Anthropic IPO $70-$78
NVIDIA's Chief Financial Officer and interim CEO Colette Kress will share the company's plans during the earnings call.
Despite recent drama, analysts still see major growth potential for NVIDIA and even think now might be a good time to buy in.
Over at Anthropic, Anthropic's IPO is expected to price in the $70 to $78 range, with strong demand, Benjamin Black, investment chief at Powerlaw Corp. says, " Anthropic's smart to give up some price to make it easy for the public to make some money here."