Hsbc strategist suggests anthropic IPO could stabilize global stock market amid AI uncertainty

Max Kettner, the chief multi-asset strategist at HSBC Bank, commented on the current downturn in global stocks, linking the market volatility to mounting uncertainty surrounding the artificial intelligence sector. Kettner suggested that a potential Initial Public Offering (IPO) from Anthropic could be a critical factor in achieving market stabilization. He indicated that the next two weeks would be key in determining if this IPO proceeds, adding that its success could provide a measure of relief to the market.