Artificial intelligence-related stocks rose up to 9% on November 11 as Anthropic's blockbuster IPO, strong CoreWeave earnings lifted global AI sentiment.
At 11:30 am on November 11, Netweb Technologies shares were trading 7% higher at Rs 4,108.6 apiece. Meanwhile, shares of E2E Networks, ESDS Software Solution climbed 5% and 4.2%, respectively.
Other AI-related stocks like Black Box, Anant Raj rose 9% and 4%, respectively. Mtar Tech stock climbed 3%.
Stocks of power equipment players like Hitachi Energy India, CG Power, GE Vernova T&D India rose 4.4%, 2.5% and 2.2%, respectively.
Anthropic's blockbuster IPO will value the Claude chatbot creator at up to $1.4 trillion, slightly short of some investors' expectations, setting up a key test of Wall Street's faith in the AI boom it helped ignite.