Tech stocks were higher in pre-market action Monday, with the Nasdaq climbing 0.27%.
Anthropic is reportedly pulling in huge revenue numbers. According to Bloomberg, the company saw its preliminary quarterly revenue jump 14x to $11.5 billion from $787 million a year ago.
The AI lab is preparing to go public in September or October, and The Financial Times reports that investors are targeting a $2 trillion valuation.
Elsewhere in tech, Meta's latest social media addiction trial kicks off in Oakland, Calif. Tuesday. A collection of 29 state attorneys general are suing the social media giant over claims that it purposely developed its services to keep children online as long as possible and caused psychological harms.