Markets· August 17, 2026 at 10:35 a.m.
Tech Stocks Surge Amid AI Demand, Fed Minutes Awaited
Key takeaways
- Investors are piling into tech stocks amid AI demand
- Anthropic PBC reported Q2 revenue surged at least 14-fold from a year earlier
- U.S. Commerce Secretary Howard Lutnick stated the Trump administration does not want Apple to buy memory chips from China
Stock index futures are up this morning as investors pile into tech stocks following strong revenue growth from Anthropic PBC and positive adjusted operating income in Q2. The surge reinforces expectations of sustained massive AI spending. However, gains were limited due to renewed fighting in Lebanon and attacks on vessels in the Strait of Hormuz, clouding the outlook for a deal to end the U.S.-Iran war.
