Tech stocks today: CoreWeave climbs 13% on Anthropic deal, TSMC Q1 revenue soars 35%

Tech stocks were mixed in Friday trading, as Wall Street attempted to digest the tenuous truce in the war in Iran.

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.

Beyond the war, CoreWeave (CRWV) stock rocketed 13% higher after the company announced it is entering a multiyear agreement with Anthropic (ANTH.PVT) that will see the AI cloud company provide Anthropic with computing capabilities to build and power its AI models.

Reuters also reported on Friday that Anthropic is exploring designing its own AI processors to address the ongoing demand crunch for the highly sought-after chips.

Elsewhere, TSMC (TSM) reported its first quarter revenue jumped 35% year over year on strong demand for its own AI chips.

Meanwhile, anticipation continues to build around two major IPOs: one from Anthropic (ANTH.PVT), expected as early as this year, and the public debut of Elon Musk's rocket company, SpaceX (SPAX.PVT).