The Macro Paper(@macropaperr):🚨 Anthropic's valuation has crashed nearly 50% before its IPO even went live. Just a month ago, the AI giant was reportedly aiming for $2 Trillion. Now, Reuters reports an IPO valuation target of just $1.02 Trillion, even with Google, Nvidia, and AMD among its major backers. This comes as AI stocks are crashing and investors are increasingly worried about massive data center spending and rising debt. And the risk goes far beyond Anthropic. If other AI companies face similar valuation pressure, investors who borrowed against their AI holdings could be forced to raise cash or sell assets. That could trigger even more selling across an AI market that's already under heavy pressure.

2026.11.10 12:06

🚨 Anthropic's valuation has crashed nearly 50% before its IPO even went live. Just a month ago, the AI giant was reportedly aiming for $2 Trillion. Now, Reuters reports an IPO valuation target of just $1.02 Trillion, even with Google, Nvidia, and AMD among its major backers. This comes as AI stocks are crashing and investors are increasingly worried about massive data center spending and rising debt. And the risk goes far beyond Anthropic. If other AI companies face similar valuation pressure, investors who borrowed against their AI holdings could be forced to raise cash or sell assets. That could trigger even more selling across an AI market that's already under heavy pressure.