Financial Performance - Alphabet Inc and https://t.co/JHZxKhN4Fo Inc's earnings were boosted by the increased value of their stakes [1] Investments - The increased value is related to their stakes in Anthropic PBC, maker of the popular Claude chatbot [1]

Alphabet Inc. and Amazon.com Inc. were rewarded by investors for reporting better-than-expected third-quarter profits. At both companies, earnings were boosted by the increased value of their stakes in Anthropic PBC, maker of the popular Claude chatbot. Alphabet said profit included “net gains on equity securities of $10.7 billion,” in part from a private company. That company is Anthropic, according to people familiar with the matter, who declined to be named disclosing non-public information. Meanwhile, ...

Market Overview - The S&P 500 and Nasdaq experienced their largest weekly percentage gains since August, while the Dow recorded its biggest Friday-to-Friday jump since June [1][9] - The Consumer Price Index (CPI) remained elevated in September but was cooler than expected, easing inflation concerns and paving the way for a 25-basis-point rate cut by the Federal Reserve [1][9] Earnings Season - The third-quarter earnings season is in full swing, with 143 companies in the S&P 500 having reported results [2][10] - Analysts project a 10.4% year-on-year earnings growth for the S&P 500 in Q3, an increase from the previous expectation of 8.8% [3][10] - A significant 87% of companies have beaten earnings expectations, and 83% have surpassed revenue forecasts, indicating a strong start to the earnings season [6][10] Notable Company Performances - Alphabet's shares rose by 2.7% after Anthropic expanded its deal to utilize Google's AI chips for its Claude chatbot [7][10] - Coinbase Global saw a 9.8% increase following an upgrade from JPMorgan to "overweight" [7][10] - Ford's shares jumped 12.2% after exceeding third-quarter profit expectations, while General Dynamics also surpassed estimates, leading to a 2.7% increase in its shares [10] - Deckers Outdoor forecasted full-year sales below Wall Street estimates, resulting in a 15.2% decline in its shares [7][10] - Alaska Air's shares fell by 6.1% after the airline reduced its annual forecast [7][10] Market Statistics - Advancing issues outnumbered decliners by a ratio of 2.18-to-1 on the NYSE, with 540 new highs and 53 new lows recorded [8][10] - On the Nasdaq, 3,193 stocks rose compared to 1,450 that fell, with a ratio of 2.2-to-1 for advancing issues [8][10] - The S&P 500 posted 34 new 52-week highs and 4 new lows, while the Nasdaq Composite recorded 124 new highs and 44 new lows [8][10] - Trading volume on U.S. exchanges was 19.04 billion shares, slightly below the 20.75 billion average over the last 20 trading days [8][10]

Core Insights - Google is reportedly nearing a cloud computing deal with AI startup Anthropic, potentially worth tens of billions of dollars [1][5] - The deal would provide Anthropic access to Google's tensor processing units, enhancing its machine learning capabilities [1][3] Company Developments - Anthropic recently secured $13 billion in funding, raising its valuation to $183 billion, aimed at expanding its capacity and enhancing safety research [4][5] - Alphabet's shares have increased by approximately one-third in value in 2025, reflecting positive market sentiment [4] Industry Context - The discussions between Google and Anthropic underscore the competitive landscape in AI, particularly in cloud infrastructure, where Google aims to strengthen its position against rivals like Amazon and Microsoft [3]

Core Viewpoint - Reddit has filed a lawsuit against Anthropic, alleging illegal scraping of user comments for training its Claude chatbot without permission or compensation [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in a California state court and highlights the ongoing conflict between content providers and AI companies regarding data usage for training language models [2]. - Reddit claims that Anthropic has been training its models on its content since at least December 2021, despite public assertions that it had blocked access to Reddit [4]. - The lawsuit seeks monetary damages and a court injunction to enforce compliance with Reddit's user agreement [5]. Group 2: Company Background - Anthropic, founded in 2021 by former OpenAI executives, is valued at $61.5 billion and is backed by Amazon [2]. - The company emphasizes AI safety and responsible development, but the lawsuit suggests a discrepancy between its public image and private practices [3]. Group 3: Market Impact - Following the lawsuit announcement, Reddit's shares rose by over 6% [8]. - Reddit has previously entered into licensing agreements with other AI companies like Google and OpenAI, which allow for the use of its content under terms that protect user privacy and provide compensation [5][6]. Group 4: Industry Context - The lawsuit is part of a broader trend where various content creators, including musicians and authors, are suing AI companies for using their data without permission [8]. - The outcomes of these lawsuits could significantly influence the future landscape of the AI industry [9].