Tech stocks today: Dell stock soars on AI sales, Anthropic overtakes OpenAI as world's most valuable AI startup

LIVE Tech stocks today: Dell stock soars on AI sales, Anthropic overtakes OpenAI as world's most valuable AI startup Yahoo Finance Updated Fri, May 29, 2026 at 4:17 PM GMT+2 1 min read NVDA ANTH. PVT MU QCOM 005930. KS Tech stocks jumped Friday after Dell ( DELL ) reported blowout earnings Thursday and on hopes for an end to the war between the US and Iran Dell, which produces servers for data centers, said its 2027 revenue will come in at $167 billion, well ahead of its previous outlook, and Wall Street’s own expectations of $142 billion.

First quarter sales jumped 88% on the back of AI server orders, which accounted for $16. 1 billion of the company’s $43. 8 billion in total revenue.

On Thursday, Anthropic ( ANTH. PVT ) announced it had completed its Series H funding round, which valued the company at $965 billion, making the Claude Code creator more valuable than OpenAI ( OPAI. PVT ) and the most valuable AI startup in the world.

Anthropic also released an update to its flagship Opus 4. 8 model on Thursday. Investors continue to assess what looming mega IPOs from Anthropic, OpenAI, and SpaceX ( SPAX.

PVT ) mean for the booming AI and tech trade. Last week, Elon Musk’s rocket company SpaceX filed its S-1 IPO prospectus , revealing details of its financials. ChatGPT creator OpenAI is reportedly planning to file for an initial public offering in the coming weeks, and its competitor, Anthropic, is expected to follow soon, with an IPO as early as this fall.

Meanwhile, Micron ( MU ) and SK Hynix ( 000660. KS ) made waves earlier this week when their respective market caps crossed the $1 trillion mark for the first time. LIVE 13 updates Thu, May 28, 2026 at 6:18 PM UTC Myles Udland Anthropic valued at $965 billion after completing Series H funding round, overtaking OpenAI Anthropic’s long-rumored latest fundraising round has been completed.

On Thursday, the AI giant announced that it had completed its Series H funding round, valuing the company at $965 billion, including the $65 billion raised in this round. With this latest fundraise, Anthropic’s market value has overtaken OpenAI for the first time. OpenAI was valued at $862 billion at the end of its latest fundraising round earlier this spring.

“Anthropic has raised $65 billion in Series H funding led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, valuing the company at $965 billion post-money,” the company said in its announcement. “Since our Series G in February, adoption has continued to grow across global enterprise customers, and our run-rate revenue crossed $47 billion earlier this month. This latest funding is expected to advance our safety and interpretability research, expand compute to meet growing demand for Claude, and scale the products and partnerships our customers rely on.

” Read the full announcement here . Thu, May 28, 2026 at 5:49 PM UTC Daniel Howley Anthropic debuts latest flagship AI model as IPO race heats up Anthropic ( ANTH. PVT ) on Thursday released its latest flagship AI model, Claude Opus 4.

8. The new model, an upgrade over the company’s prior leading offering Opus 4. 7, comes as Anthropic and archrival OpenAI ( OPAI.

PVT l) race to make their public market debuts later this year. According to Anthropic, Opus 4. 8 tops OpenAI’s GPT-5.

5 as well as Google’s ( GOOG , GOOGL ) Gemini 3. 1 Pro in a number of synthetic AI-focused benchmarks. That includes things like agentic coding, agentic financial analysis, and agentic computer use.

Agentic capabilities are particularly important as more companies begin experimenting with and deploying AI agents across their businesses. Think of AI agents as semi- and fully autonomous digital helpers that can perform tasks on your behalf. Read more here.

Thu, May 28, 2026 at 5:47 PM UTC Grace O'Donnell Software stocks get a boost after Snowflake touts enterprise AI demand Software stocks gained on Thursday as earnings from Snowflake ( SNOW ) countered some of the market’s fears that artificial intelligence could completely disrupt tech business models. The Expanded Tech-Software Sector ETF ( IGV ) rose about 3% in midday trading. But there was one stock that stood apart from others: Snowflake.

Shares of the cloud data platform skyrocketed 38%, putting shares on pace for their best day on record. Here’s a breakdown of the latest earnings driving the sector: Snowflake: Markets cheered an expanded $6 billion multiyear deal with Amazon Web Services ( AMZN ) and stronger-than-expected quarterly earnings , driven by accelerating enterprise AI demand. Fiscal first quarter revenue grew 33% year over year to $1.

39 billion, and the company also lifted its annual product revenue forecast. Salesforce ( CRM ): Shares rose 1% after the company beat earnings per share and revenue estimates (Salesforce’s EPS were boosted by a whopping $27 billion in stock repurchases ). The company’s guidance was just slightly short of Wall Street’s expectations, which is likely why the stock didn’t rise further.

Also of note was HP ( HPQ ) earnings in the computer hardware industry. HP’s fiscal second quarter earnings beat estimates, but the stock fell 2% on Thursday after the company trimmed its full-year profit forecast, citing rising memory costs. Thu, May 28, 2026 at 5:27 PM UTC Grace O'Donnell Micron's AI boom is unprecedented for the memory trade Yahoo Finance’s Jared Blikre reports: Micron’s ( MU ) rally has blown past every major memory stock boom of the past three decades.

The memory chipmaker blasted past $1 trillion in market value Tuesday , notching its best day since November 2011 and turning one of the market’s most cyclical businesses into one of the AI trade’s wildest winners. Memory chips have historically acted like a commodity business. When supply is tight and prices rise, profits jump.

When supply catches up, prices fall, margins get hit, and the stocks usually follow. This move is starting to look different. The memory-chip stock's 12-month edge over the PHLX Semiconductor Index has surged to a record in weekly data back to 1995.

· Yahoo Finance Micron stock is up more than 860% over the past 12 months, according to weekly Yahoo Finance data. That beats the PHLX Semiconductor Index ( ^SOX ) by nearly 700 percentage points — the largest gap in data back to 1995. Nvidia ( NVDA ), also shown in the chart, is still up over the same period.

But its 12-month return now trails the SOX, underscoring how extreme Micron’s move has become even inside a booming chip tape. Read more here. Thu, May 28, 2026 at 5:18 PM UTC Grace O'Donnell Micron and Sandisk aren't the only tech stocks booming — so are these 3 cybersecurity plays Yahoo Finance’s Brian Sozzi reports: Somewhat under the radar, cybersecurity stocks have fallen back into favor with investors.

And it makes a ton of sense. CrowdStrike ( CRWD ) is up 45% in a month, Palo Alto Networks ( PANW ) has gained 40%, and SailPoint ( SAIL ) is up 41% as Wall Street analysts have become more bullish on the space of late. While these stocks have been hit over the past year amid fears that artificial intelligence models from Anthropic ( ANTH.

PVT ) would render their businesses obsolete, there appears to be a narrative shift underway. Analysts at Wolfe Research put it best in a recent upgrade on CrowdStrike. They believe Anthropic's Mythos AI model is a catalyst for a new wave of AI-driven cybersecurity demand.

Read more here. Thu, May 28, 2026 at 4:44 PM UTC Grace O'Donnell Best Buy sees price increases amid memory supply crunch and expects more to come Best Buy just posted a strong quarter of sales as consumers continued to stock up on gaming consoles, among other devices. But one concern in the industry right now is the rising cost of memory components, as more chips are diverted to AI data centers.

Best Buy’s incoming CEO Jason Bonfig said that this has led to some higher costs for items like laptops, but it isn’t something consumers are focused on, Yahoo Finance’s Brooke DiPalma reports. “The biggest category you're going to see this impact is computing,” Bonfig said. “We did see some staggered price increases in Q1.

As we move into Q2, we do expect ASPs [average selling prices] to increase and units to, from an elasticity perspective, to be impacted. … We continue to work very closely with our vendors to mitigate this. ” Shoppers “don't walk into our store with fear about memory prices, and we're not seeing any indication that they're pulling [back] for purchases as a result of it,” he said.

“They're looking to upgrade a computer that is a certain number of years old. … They have a particular dollar budget. ” Read more here.

Shoppers at a Best Buy store on Black Friday in New York, US, on Friday, Nov. 28, 2025. (Victor J.

Blue/Bloomberg via Getty Images) · Bloomberg Wed, May 27, 2026 at 5:24 PM UTC Daniel Howley It's shaping up to be a bad year for the smartphone industry The global smartphone market is on track for its worst year ever, as the AI-driven memory shortage continues to hammer sales. According to analysis firm International Data Corporation (IDC), smartphone shipments are headed for a 13. 9% decline in 2026, which is a downward revision from the 12.

9% IDC said it anticipated for the year in February. It would also mark the steepest drop in smartphone history, the company said. The worldwide memory crunch has left the tech industry scrambling for chips, driving up costs and forcing some smartphone companies to raise prices or kill certain configurations entirely.

The war between the US and Iran has only further inflamed the situation, as increased shipping costs add to the pain. “Combined, these pressures are compelling vendors to reduce shipments, raise prices and concentrate on higher price tiers — elevating smartphone [average selling price] to a record $550, up $100 from last year,” IDC senior research director Nabila Popal said in a statement. Read more here.

Wed, May 27, 2026 at 3:28 PM UTC Grace O'Donnell Samsung's unionized workers approve bonus pay deal, ending 5-month dispute and strike threat Samsung’s ( 005930. KS ) unionized workers approved a bonus pay deal on Wednesday, averting an 18-day work stoppage that would have rippled across global supply chains. Shares of the South Korean memory chip maker jumped 2.

6% in Seoul on Wednesday. Nearly three-quarters of Samsung’s workers were in support of the deal, according to the Korea Herald. The agreement awards unionized workers an average bonus of about $340,000, ending a five-month dispute between the company and its workers.

Samsung sits at the heart of the booming artificial intelligence trade. As demand for computing memory has outpaced supply, it has led to soaring profits for Samsung. Earlier this month, Samsung became a $1 trillion company by market cap, along with its two peers SK Hynix ( 000660.

KS ) and Micron ( MU ). At the center of the dispute was the question of whether Samsung should be obligated to dole out a greater share of its AI windfall to employees. A strike was narrowly averted last week as the government intervened and mediated negotiations.

Choi Seung-ho, head of Samsung Electronics union and Yeo Myung-koo, head of the People Team under Samsung's Device Solutions division and the company's chief management negotiator, shake hands after reaching a tentative pay deal in Suwon, South Korea, May 20, 2026. Yonhap via REUTERS · Reuters / REUTERS Tue, May 26, 2026 at 7:11 PM UTC Daniel Howley Apple's iPhone could create and agentic AI moat Apple ( AAPL ) is widely seen as a laggard in the AI space, due to its long-delayed Siri upgrade and lack of major proprietary models. But the rise of AI agents could see the company’s apparent weakness turned into its ultimate strength.

In an investor note published Tuesday, Bank of America’s Wamsi Mohan argued that Apple’s control over its ecosystem — ranging from silicon to its operating systems — provides it with an “agentic AI moat” that could prove crucial to its AI efforts. “In an agentic world, value accrues to the platform that controls user intent, personal context, app access, permissions, identity, authentication, payments, and trust,” Mohan wrote. “[The] smartphone is the scaled consumer device where these factors already converge.

If AI assistants become the new front door to search, apps, commerce, scheduling, payments, and workflow completion, we think Apple should have meaningful leverage over model providers, app developers, merchants, advertisers, and payment networks,” he added. Mohan, who maintained a Buy rating on the stock, raised his price target on Apple to $380 from $330 in Tuesday’s note, implying roughly 20% upside from its current share price. Tue, May 26, 2026 at 3:31 PM UTC Jared Blikre Micron rockets higher, touching $1 trillion valuation, as UBS says it sees roughly 115% upside to stock Micron ( MU ) opened at a record intraday high Tuesday after UBS more than tripled its price target on the memory chipmaker to a Street-high of $1,625, arguing that the AI boom has structurally changed the market for memory.

The new target is up from $535 and implies roughly 115% upside from Micron’s Friday close of $751. UBS analyst Timothy Arcuri wrote that the market should start putting a more “normal” multiple on Micron as investors get more evidence of the changes AI has driven across the memory complex. UBS is not just raising numbers.

It’s also arguing that AI has changed the way investors should value the company. Micron has historically traded like a cyclical memory stock, with investors worried about boom-and-bust pricing in DRAM and NAND. UBS is arguing that AI demand is changing that setup by giving Micron more visibility into demand and a smoother earnings path.

Tue, May 26, 2026 at 3:17 PM UTC Grace O'Donnell Qualcomm, TikTok owner ByteDance reach chip deal: Report Qualcomm stock ( QCOM ) rose as much as 8% on Tuesday morning after Bloomberg News reported that the chipmaker struck a deal with ByteDance to supply the TikTok owner with chips for AI data centers. According to Bloomberg, ByteDance will acquire millions of Qualcomm’s application-specific integrated circuits, or ASICs, and will be one of Qualcomm’s first major customers of those chips. Such a deal would help Qualcomm expand into the AI chip space, which is dominated by Nvidia ( NVDA ), Advanced Micro Devices ( AMD ), and Broadcom ( AVGO ).

It’s all part of hotter competition in the AI chip space as customers like Google ( GOOG ) also begin offering their own chips. Read more here. Tue, May 26, 2026 at 10:45 AM UTC Grace O'Donnell SpaceX and OpenAI IPOs could push the AI trade deeper into bubble territory Yahoo Finance’s Jared Blikre reports: Mega initial public offerings from SpaceX ( SPAX.

PVT ) and OpenAI ( OPAI. PVT ) could push the artificial intelligence trade deeper into bubble territory — just as rising yields make investors more demanding about growth that may take years to arrive. Bank of America’s Michael Hartnett estimated that adding mega IPOs to today’s AI leaders could push market concentration from 40% currently toward 48% of US market cap, above the peaks of the Roaring ’20s, Nifty Fifty, Japan ’80s, and dot-com bubble — though still below the railroad boom of the 1880s.

That is where the bond market comes in. SpaceX and OpenAI would ask investors to pay for growth years into the future, while rising yields make that wait more expensive. The inflation backdrop is already close to BofA’s danger zone.

Read more here. Tue, May 26, 2026 at 10:00 AM UTC Grace O'Donnell 'There's mania': Strategists weigh in on looming SpaceX IPO Yahoo Finance’s Ines Ferre reports: SpaceX is striking while the AI boom is hot, and its IPO is taking up all the space. Wall Street digested the $2 trillion valuation that the Elon Musk-led rocket and satellite company seeks after filing its IPO prospectus last week.

The company's ambitions span from colonizing Mars to creating a network of orbital AI data centers. It sees a total addressable market of $28. 5 trillion, mostly coming from AI.

"This is a company that is investing very heavily, very heavy capex spend into AI infrastructure and into their Starship vehicle, which is going to enable all of these future businesses," said Chad Anderson, Space Capital founder and CEO. The venture capital firm's largest holding is SpaceX ( SPAX. PVT ).

Nancy Tengler, CEO of Laffer Tengler Investments, which invests in Tesla ( TSLA ), said her firm is interested in SpaceX, as one of her funds also owns Planet Labs ( PL ) and Rocket Lab ( RKLB ). "We see it as additive," she said. "I think ultimately SpaceX and Tesla merge.

" Read more here. A SpaceX Falcon Heavy rocket lifts off carrying a NASA spacecraft to investigate the Psyche asteroid from the Kennedy Space Center in Cape Canaveral, Fla. , Oct.

13, 2023.