Apple Kicks Off New Era, Anthropic Awaits S1 Filing
Tech stocks opened lower on Tuesday as the Nasdaq fell by 0.32%. On Wednesday, Apple is set to begin a new chapter with its first major product launch under CEO John Ternus at their Cupertino headquarters. The event is expected to feature the debut of a foldable iPhone alongside the iPhone 18 Pro and Pro Max models, as well as updates for the Apple Watch Series 12 and Ultra 4. Meanwhile, investors are closely watching Anthropic's anticipated S1 filing with the SEC, which will provide its first public financial disclosure. While rumors initially suggested a release this week, recent speculation points to October. The document is expected to detail data center spending and offer insight into the AI startup’s growth strategy. Separately, SAP CEO Christian Klein emphasized that his company's new AI platform represents a significant breakthrough in the software industry. Despite strong Q2 results with 9% sales growth and cloud revenue up 22%, SAP slightly reduced its full-year operating profit guidance due to recent acquisitions.
Topics: AI Anthropic Apple Product Launch Tech Stocks