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Claire Yubin Oh10/7/25

IBM rises after announcing partnership with Anthropic that will integrate Claude into IBM’s software portfolio

IBM jumped as much as 7.5% in early trading on Tuesday after announcing that the company is partnering with Anthropic to integrate its AI model Claude into IBM’s software offerings. No financial details were released.

Per IBM’s press release: “Through the partnership, Claude will be integrated into select IBM software products, starting with IBM’s new AI-first integrated development environment (IDE), designed with advanced task generation capabilities for enterprise software development lifecycles (SDLC), including software modernization.”

As part of the partnership, IBM has also created a guide that helps businesses build and use AI agents, including “best practices guides, reference architectures, and open-source tooling developed from IBM’s experience deploying AI across thousands of client environments.”

By making Anthropic’s models readily accessible to its customers, IBM is doubling down on its AI offering — though it’s unclear how this new partnership with Anthropic will impact its own AI models, like Granite.

For Anthropic, this partnership builds on its momentum in the enterprise arena — yesterday the company announced a deal with Deloitte to roll out Claude to more than 470,000 employees across 150 countries.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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