🚀 Anthropic investing $50B in US AI Infrastructure

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Year To Date Performances:

1. Anthropic announced plans to invest $50 billion in U.S. AI infrastructure, beginning with data centers in Texas and New York developed with GPU cloud partner Fluidstack. The multiyear project, expected to create 800 permanent and over 2,000 construction jobs, marks a major push to expand domestic compute capacity amid growing policy focus on U.S.-based AI resources. CEO Dario Amodei said the facilities will support advanced research and enterprise growth, enabling “more capable AI systems” that can drive scientific breakthroughs. The initiative positions Anthropic as a key rival to OpenAI, which has lined up over $1.4 trillion in infrastructure commitments, and underscores the intensifying competition—and political debate—over who will fund America’s AI backbone.

2. The White House warned Wednesday that key U.S. economic reports for October, including jobs and inflation data, may never be released due to the record-long government shutdown. Press Secretary Karoline Leavitt said the lapse may have “permanently damaged the Federal Statistical system,” leaving policymakers “flying blind” without critical data from the Labor Department. The uncertainty has rattled Wall Street, which had been expecting delayed, not canceled, releases of metrics like the CPI and nonfarm payrolls. While administration officials estimate the shutdown could cut up to two percentage points from GDP growth this quarter, most economists, including those at Goldman Sachs, expect only minimal economic impact. Experts say collecting some data retroactively is feasible, but certain household surveys may be lost for good.

3. Cisco delivered strong fiscal first-quarter results, beating Wall Street expectations on both profit and revenue and lifting its stock more than 5% in after-hours trading. Revenue climbed 8% to $14.88 billion, marking the fourth consecutive quarter of growth after a previous slump, while adjusted earnings hit $1 per share. The company’s networking business surged 15%, fueled by booming demand for AI infrastructure, with orders from hyperscalers reaching $1.3 billion. Though its security and collaboration units declined, Cisco raised its full-year forecast above analyst estimates, signaling confidence in continued growth. CFO Mark Patterson said the company is capitalizing on a “multi-year, multi-billion-dollar campus refresh,” as Cisco increasingly ties its future to the AI buildout.

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