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But we saved everything 🙂.
High prices frequently result in future declines, as observed in markets such as INTC, according to Michael Taylor, co-founder and portfolio manager at Agora Trading.
Taylor suggests that this dynamic is likely to affect other assets as well.
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Taylor previously highlighted that Anthropic lowered its IPO valuation from $2 trillion to $1.5 trillion. He also compared over $800 billion in AI funding commitments tied to Anthropic and OAI to the scale of the 2008 U.S. housing bailout. These observations follow a similar theme of reassessing lofty valuations.