AM Markets Need to Know: Anthropic IPO demand surges, Bitcoin slides, and more

Stock index futures were muted on Friday as investors assessed the fallout from Jensen Huang's exit from Nvidia and awaited October wholesale inflation data.Here are the five news items investors should watch:Anthropic IPO draws six times available share orders: Anthropic has attracted orders for roughly six times the shares available in its planned IPO, Bloomberg reported, citing people familiar with the . The company is seeking to raise up to $64.4B through the offering, alongside a $26B private placement, potentially making it the largest IPO on record and surpassing SpaceX . Existing backers are reportedly set to receive priority allocations.Nvidia chip smuggling allegations draw scrutiny: A company founded by Alice Huang, who was reportedly involved in a relationship with former Nvidia CEO Jensen Huang, obtained smuggled AI servers that were installed at a Shanghai data center, Bloomberg . Documents reviewed by the publication indicated that some servers were initially sold to Singapore-based Nvidia Cloud Partner Aperia Cloud Services before reaching Shanghai Longteng Intelligent Computing.Trump says Jensen Huang contacted him after departure: President Donald Trump said Jensen Huang called him to discuss the personal impact of his departure as Nvidia CEO. Speaking in a White House interview Thursday, Trump praised Huang and the former executive was particularly concerned about the effect on his wife and family.Michael Burry increases bearish Nasdaq bets: Investor Michael Burry doubled his put position on the Nasdaq 100 , using a rebound from the 27,000 level to add exposure through early 2027 options. He also repurchased 25% of a previously reduced bearish position in the VanEck Semiconductor ETF , with the options expiring in June, according to a Thursday Substack post.Bitcoin drops to lowest level since August: Bitcoin fell to around $69,000 early Friday as the U.S. dollar strengthened to its highest level since April 2025. Ether slipped below $2,000 for the first time since August, while XRP traded near $1 and Solana dropped below $80. Bitcoin has lost 17% this quarter.Content provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.