Demand remains strong for Anthropic IPO despite tech pullback - Semafor

Anthropic’s IPO is reportedly six times oversubscribed, reflecting bullishness on the AI trade despite recent headwinds. Fears of overspending and soaring debt piles have led investors to pull out from tech stocks in recent weeks, with the Nasdaq index registering its biggest monthly loss in over a year in October.

The resignation of the CEO of Nvidia, a firm that has underpinned much of the global AI buildout, has amplified concerns. However, some investors appear undaunted, likely owing to upbeat predictions for future growth: Goldman Sachs, one of the banks leading Anthropic’s IPO, said it expected the firm’s revenue to exceed $600 billion by 2030, more than 130 times its sales last year.