Anthropic’s IPO is being directly repriced downward by institutions
Wall Street is no longer chasing the story of a valuation nearing $2 trillion
Public reports have lowered the target to around $1.5 trillion to $1.6 trillion
The updated prospectus also reveals nearly $900 billion in commitments to computing power and infrastructure
Third-quarter revenue was around $17 billion
Quarter-over-quarter growth fell from around 144% the previous quarter to around 47%
Operating profit also turned into a loss
The market is repricing the AI narrative
It’s not that investors doubt the long-term prospects
They’re just unhappy that profits are taking too long to materialize in the short term
Tech stocks already took a hit last week
IPO pricing is following suit with a discount
This kind of valuation haircut
will first hit risk appetite for tech stocks
then spread to high-beta crypto positions
Bitcoin has recently been highly sensitive to sentiment around U.S. tech stocks
With AI leaders’ valuations softening
The crypto world shouldn’t pretend not to hear it
$BTC $ETH
#AnthropicIPO faces investor pressure to lower its valuation, with a target of $1.5 trillion #AI估值 #RiskAppetite
Wall Street is no longer chasing the story of a valuation nearing $2 trillion
Public reports have lowered the target to around $1.5 trillion to $1.6 trillion
The updated prospectus also reveals nearly $900 billion in commitments to computing power and infrastructure
Third-quarter revenue was around $17 billion
Quarter-over-quarter growth fell from around 144% the previous quarter to around 47%
Operating profit also turned into a loss
The market is repricing the AI narrative
It’s not that investors doubt the long-term prospects
They’re just unhappy that profits are taking too long to materialize in the short term
Tech stocks already took a hit last week
IPO pricing is following suit with a discount
This kind of valuation haircut
will first hit risk appetite for tech stocks
then spread to high-beta crypto positions
Bitcoin has recently been highly sensitive to sentiment around U.S. tech stocks
With AI leaders’ valuations softening
The crypto world shouldn’t pretend not to hear it
$BTC $ETH
#AnthropicIPO faces investor pressure to lower its valuation, with a target of $1.5 trillion #AI估值 #RiskAppetite