Anthropic's IPO Valuation Faces Pressure as Market Doubts Grow

Investors are revising down Anthropic's expected valuation, with $1.5 trillion now seen as optimistic.

Following a broader tech sector selloff on Wall Street, some market participants are questioning the lofty valuation targets for Anthropic. The AI company, which had previously aimed for a $2 trillion IPO valuation, now faces skepticism, with some investors calling $1.5 trillion a 'stretch.' Anthropic has not commented on the shifting expectations. The market's growing concerns over AI spending and a post-midterm slump have contributed to the downward pressure on the company's valuation. The Nasdaq's steep 5% drop on Thursday, its worst performance in 19 months, reflects fears of regulatory scrutiny and a potential slowdown in AI infrastructure development.