Tech stocks today: Anthropic releases its newest model, Claude Opus 4.7

Tech stocks edged higher on Thursday after stocks hit record highs the day before.

The hostilities in the Middle East have weighed on tech stocks for weeks, clouding the picture of whether investors are pulling back because of the war or because of sentiment toward Big Tech more generally.

On Thursday, Tesla (TSLA) stock fell, reversing some of its 8% gain from Wednesday's session after shares were buoyed by CEO Elon Musk teasing the company's AI5 chip.

Speaking of AI chips, Taiwan Semiconductor Manufacturing Company (TSM) released its latest quarterly earnings on Thursday. A sizable 58% increase in first quarter profits and comments by the company's CEO sent a strong signal that AI demand remains robust.

Meanwhile, Anthropic released its latest AI model -- Claude Opus 4.7 -- which the startup said makes improvements "on the most difficult tasks." Opus 4.7 isn't Anthropic's most powerful model, however. That would be its Mythos model, which is currently undergoing testing by a limited number of users.