Wall Street Slams Anthropic's $2 Trillion IPO Plan as Test of Investor Credulity

Anthropic's anticipated $2 trillion initial public offering has drawn sharp skepticism from Wall Street analysts, who warn that the valuation represents an unprecedented test of investor gullibility and vastly overstates the AI company's financial viability. New Constructs, an independent research firm, estimates Anthropic's fair value at just $150 billion—a 93 percent discount to the target IPO valuation. The firm's reverse discounted cash flow analysis suggests the company would need to generate 1.4 times the combined annual revenue of the seven largest AI companies and achieve profits twice those of Nvidia to justify the $2 trillion price tag.