The launch of the U.S. AI computing power futures market has hit a snag, with the CFTC extending its review period by at least 60 days.

Australian retail investors will gain access to the IPO of artificial intelligence giant Anthropic PBC, with the company targeting a $1.4 trillion valuation for the offering. According to documents filed with Australia’s securities regulator on Wednesday, individual investors in Australia can subscribe for Anthropic shares via participating brokers starting this Wednesday. The offering is set to close on November 17, and the stock is scheduled to list on the Nasdaq on November 20. Anthropic plans to raise up to $90.4 billion through this IPO and private placement, with a share price range of $70 to $78.

U.S. October CPI rose 0.4% month-on-month, exceeding market expectations of 0.3%. Coupled with hawkish signals from Federal Reserve Governor Waller, this pushed U.S. Treasury yields higher across the board. The 10-year U.S. Treasury yield climbed to 5.012%, while the 2-year yield reached 4.759%. Markets now assign an 86% probability to the Federal Reserve delivering a 25-basis-point rate hike in December, with a 14% chance of a 50-basis-point hike. Waller noted that if inflation runs notably above expectations, the Fed may need to implement larger policy moves. European bond markets were also impacted: Germany’s 10-year Bund yield rose to 3.307%, its highest level since November 3.

According to diplomatic sources cited by The Jerusalem Post, Qatar's Prime Minister Mohammed bin Abdulrahman Al Thani told G7 foreign ministers in Paris that Doha has secured at least two more weeks to continue facilitating an understanding between the U.S. and Iran, aimed at preventing a new U.S. strike on Iran. However, major disagreements remain between the two sides, with key issues unresolved, including the timeline for lifting maritime blockades, nuclear matters, and the unfreezing of Iranian assets. Al Thani emphasized that both the U.S. and Iran need to rebuild mutual trust to return to the negotiating table. Earlier, Al Thani had met with Trump and Vice President Vance at the White House.

According to data from BIT Stock Platform, U.S. stocks closed on Tuesday (November 10), with the Dow Jones Industrial Average down 0.30%, the S&P 500 down 0.38%, and the Nasdaq down 0.74%. Neocloud stocks led the declines, with IREN falling 7.85%, Nebius (NBIS) down 5.27%, Cipher Digital (CIFR) down 4.11%, and Galaxy Digital (GLXY) down 2.76%. Core Scientific (CORZ) bucked the trend, rising 3.22%, and TeraWulf (WULF) gained 1.45%. All storage stocks fell across the board: SK Hynix (SKHY) down 3.51%, SanDisk (SNDK) down 2.99%, Micron Technology (MU) down 1.10%, Seagate Technology (STX) down 0.89%, and Western Digital (WDC) down 0.20%. Most optical communication concept stocks declined: Applied Optoelectronics (AAOI) down 7.26%, Coherent (COHR) down 4.64%, Corning (GLW) down 3.27%, Credo (CRDO) down 2.33%, and Lumentum (LITE) down 1.78%; Broadcom (AVGO) rose 3.91% and Ciena (CIEN) gained 0.98%. Semiconductor stocks were mixed: NVIDIA (NVDA) down 5.53%, Arm (ARM) down 2.58%, Intel (INTC) down 2.09%; Broadcom (AVGO) up 3.91%, TSMC (TSM) up 2.05%, and AMD up 1.30%.

Federal Reserve Vice Chair for Supervision Michelle Bowman said inflationary pressures persist, while the labor market is stabilizing, leaving room for further declines in inflation. She projected that October’s core PCE price index rose 3.3% year-over-year, driven mainly by higher energy prices and AI-related demand, noting that the lack of progress on inflation is not due to an overheating labor market. Bowman expects core PCE to converge toward the Fed’s 2% target next year as the AI construction boom and pressures from the Middle East conflict gradually ease. On policy, Bowman pointed out that recent declines in stock prices, rising U.S. Treasury yields, and a stronger U.S. dollar have tightened financial conditions, while the economy has strengthened so far this year. She emphasized that financial conditions have already tightened, adding that against this backdrop, the benefits of further monetary policy tightening must be carefully weighed against the costs it would impose on interest-rate-sensitive sectors. Whether AI demand can persist and how geopolitical risks evolve will be key factors shaping monetary policy direction in the coming months. She did not explicitly call for a rate hike, but stressed that the Fed still needs to work to bring inflation back to its 2% target.

According to the latest prospectus released on Tuesday, the seven co-founders of Anthropic PBC will collectively sell shares worth $1.75 billion in next week's initial public offering (IPO). Calculated based on the midpoint of the IPO's price range, each co-founder plans to sell shares worth approximately $250 million. According to the Bloomberg Billionaires Index, at this valuation, each co-founder's net worth will reach around $180 billion. The San Francisco-based company is seeking to raise up to $90.4 billion through its IPO and private placement, corresponding to a valuation of roughly $1.4 trillion. Per deal terms reviewed by Bloomberg, the IPO is scheduled to be priced on November 18 and start trading the next day.