![Anthropic, the AI model developer, filed a registration statement with the US Securities and Exchange Commission on Monday (local time), formally launching the process for an initial public offering. [Getty Images]](https://wimg.heraldcorp.com/news/cms/2026/10/28/news-p.v1.20261027.a012100f987a4db5b52d0369eb9aa53a_P1.jpg)
US stocks rose for a second consecutive day Tuesday, driven by optimism surrounding AI company Anthropic's push for an initial public offering. The semiconductor index surged 3.6 percent, while the tech-heavy Nasdaq Composite gained nearly 1.2 percent.
The Dow Jones Industrial Average closed up 15.99 points, or 0.03 percent, at 52,377.57 on the New York Stock Exchange on Tuesday (local time).
The S&P 500 rose 45.83 points, or 0.60 percent, to finish at 7,722.60, while the Nasdaq Composite jumped 308.43 points, or 1.18 percent, to close at 26,477.81.
The semiconductor index climbed 3.6 percent.
Anthropic's IPO plans rekindled enthusiasm for AI investment, and news of large-scale semiconductor procurement financing added further momentum, with the tech-heavy Nasdaq leading the day's gains.
sjy@heraldcorp.com
