The words “still plans” are more worth watching than the IPO itself
Anthropic still plans to go public before Thanksgiving, under the ticker ANT, raising $80–100 billion. Its target valuation has been cut from the original $2 trillion to $1.5 trillion. Three major institutions say it’s worth only $1.5–1.6 trillion, while one says it’s closer to $1 trillion.
Buyers and sellers are a world apart, yet the company is pushing ahead anyway.
The financials make it clear why they’re in a hurry: operating profit was still $974 million in Q2, but turned into a $567 million loss in Q3, even as revenue rose from $11.6 billion to $17 billion.
Revenue is up, but the profit is gone. Where did the money go? Compute purchases and lease commitments total $895.4 billion, with $69.8 billion due within a year.
This is no longer an AI company—it’s an infrastructure contractor in AI clothing.
Why push ahead anyway? The window is closing: the midterm elections have brought AI skeptics into the halls of power, several states have passed bans delaying data center construction, and tech stocks shed $2.5 trillion in a week, with more than 50 Nasdaq stocks falling over 10% in a single day.
Wait one more quarter, and the story may no longer hold up.
The impact on crypto is direct: AI sector valuations are shifting from a “growth premium” to a “risk discount.” Crypto’s AI agents, compute, and DePIN will be repriced according to the same logic.
Don’t chase AI-related names at short-term highs. Instead, watch one thing: if Anthropic falls below its IPO price, that will be the bottom signal for the AI narrative.
Do you think it will fall below its IPO price? #Anthropic仍计划感恩节前IPO #AI
Anthropic still plans to go public before Thanksgiving, under the ticker ANT, raising $80–100 billion. Its target valuation has been cut from the original $2 trillion to $1.5 trillion. Three major institutions say it’s worth only $1.5–1.6 trillion, while one says it’s closer to $1 trillion.
Buyers and sellers are a world apart, yet the company is pushing ahead anyway.
The financials make it clear why they’re in a hurry: operating profit was still $974 million in Q2, but turned into a $567 million loss in Q3, even as revenue rose from $11.6 billion to $17 billion.
Revenue is up, but the profit is gone. Where did the money go? Compute purchases and lease commitments total $895.4 billion, with $69.8 billion due within a year.
This is no longer an AI company—it’s an infrastructure contractor in AI clothing.
Why push ahead anyway? The window is closing: the midterm elections have brought AI skeptics into the halls of power, several states have passed bans delaying data center construction, and tech stocks shed $2.5 trillion in a week, with more than 50 Nasdaq stocks falling over 10% in a single day.
Wait one more quarter, and the story may no longer hold up.
The impact on crypto is direct: AI sector valuations are shifting from a “growth premium” to a “risk discount.” Crypto’s AI agents, compute, and DePIN will be repriced according to the same logic.
Don’t chase AI-related names at short-term highs. Instead, watch one thing: if Anthropic falls below its IPO price, that will be the bottom signal for the AI narrative.
Do you think it will fall below its IPO price? #Anthropic仍计划感恩节前IPO #AI