3 AI Stocks to Watch as Anthropic IPO Buzz Sparks Wall Street Interest

Key Insights:

• AI stocks in focus as Anthropic IPO news is taking the Wall Street by storm.
• Nvidia’s strong performance and expanded buyback program keep NVDA among key AI stocks.
• Micron’s robust earnings and AI-driven memory demand put MU stock under the spotlight.

The AI stocks have gained notable traction in recent days, with a flurry of activity happening in the artificial intelligence (AI) sector. Now, Anthropic is one of the talk of the town, reportedly gearing up for a major IPO ahead of Thanksgiving this year.

According to a Bloomberg report, citing people familiar with the matter, the firm is eyeing a mega-IPO in mid-November. The report also showed that the firm is also planning to kick off formal investor marketing the week of November 9th, aiming to price and begin public trading ahead of the Thanksgiving holiday.

Wall Street momentum is staggering, with expectations building that Anthropic’s explosive market entry could hit or even exceed a staggering $2 trillion valuation. In addition, it is also expected to compete with or outpace the successful debut of Elon Musk’s SpaceX earlier this year.

So, as Wall Street is keeping its focus on the tech sector, let’s take a quick tour of the top 3 AI stocks for the final quarter of the year.

Nvidia (NVDA) Among Top AI Stock to Watch

Nvidia is one of the leading names in the technology sector, with NVDA emerging as one of the attractive names in the AI stocks sector. The NVDA stock price ended the session on October 1 at $230.86, with a surge of over 1% from its prior close.

Over the past 30 days, the AI stock has added more than 6%, suggesting sustained interest from market participants. The stock has hovered between a high and low of $236.54 and $164.27, respectively, in the last 52 weeks, while its year-to-date (YTD) return was recorded at around 24%.

Recently, Nvidia has expanded its financial firepower, announcing a massive $150 billion increase to its share repurchase program. This pushes the total remaining authorized buyback to an impressive $235 billion.

Notably, the tech giant plans to execute this expanded repurchase authorization steadily through fiscal year 2028. Although the market is going through a topsy-turvy scenario at the moment, investors may evaluate Nvidia (NVDA) as one of the leading AI stocks now.

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Micron (MU) Stock Rises After Robust Earnings

Micron (MU) is also among the top contenders in the AI stocks space. The MU stock price has closed the session at $1,097.39, adding more than 3% on October 1, while providing a staggering YTD return of 284%.

The surge in the AI stock could be attributed to the latest robust earnings release of the firm. Micron has reported revenue of $54.23 billion for the final quarter of fiscal 2026, while its yearly revenue for the same fiscal year was recorded at $133.19 billion.

For the first quarter of fiscal 2027, the firm now expects its revenue to hit around $60 billion, while lauding its AI initiatives. Having said that, investors can also add the MU stock to their top AI stocks watchlist.

Palantir (PLTR) AI Stock in Focus

Palantir is another player in the AI stocks space that is gaining notable traction from market participants. The PLTR stock added 1.6% on October 1 and closed at $190.04, while its 6-month return was recorded at around 30%.

The firm was in the headlines today after it announced a partnership with Armada. The partnership is aimed at delivering sovereign AI solutions built on hardware manufactured in the United States and allied nations.

This joint offering allows governments and enterprises to deploy open-weight models on fully controlled physical infrastructure within months instead of years.

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AI Stocks Look Attractive, But Risk Remains

However, despite the positive developments around the AI stocks, investors should exercise due diligence, given the current volatile scenario in the broader financial markets. The geopolitical and macroeconomic tensions have forced many investors to stay on the sidelines now.

Although the market experts have remained bullish on the potential future trajectory of the broader AI sector, investors should also assess the underlying risks.