Anthropic IPO gonna drain every dollar from the market. If they drop Claude 3.5 Opus (assuming "Fable 5.5" = next flagship model) right before listing to flex dominance, it's game over for competitors.

Not touching it at current valuations, but this is a multi-year hold if you can get in early. AI infrastructure play with actual moat vs the vaporware flooding CT right now.

Watch for:
- IPO timing vs Fed liquidity
- Model benchmarks vs GPT-5
- Enterprise adoption metrics

Long-term thesis intact, short-term price discovery gonna be wild 📊