Tech stocks slide as Anthropic revenue surges and Meta trial starts
Tech stocks fell Monday, with the Nasdaq down 0.32%. Anthropic reported preliminary quarterly revenue jumping 14x to $11.5B and plans for a potential September or October IPO, while investors target a $2T valuation. Nvidia agreed to back an SB Energy and OpenAI Ohio data center for $105B. Meta’s social media addiction trial begins in Oakland as 29 state AGs sue over alleged harms to children.