Bob Elliott: Anthropic IPO buyers now see valuation as low as $1.1 trillion

Bob Elliott: Anthropic IPO buyers now see valuation as low as $1.1 trillion
Anthropic IPO buyers see lower valuation

Bloomberg reported that buyers of the Anthropic IPO now see the company's valuation as low as $1.1 trillion.

Bob Elliott, co-founder and CIO of Unlimited, questioned what happened to earlier projections of a $2 trillion valuation and remarked that this change is a dose of reality, suggesting there may be further downward adjustments ahead.

Earlier this year, Bob Elliott cautioned that market enthusiasm for AI was based on hopes for exponential growth, while actual spending on the sector was leveling off, as reported in a previous article. In a separate commentary, Elliott assessed recent U.S. bond yield increases as normal amid ongoing tightening expectations, according to Unlimited research. The latest developments on Anthropic’s valuation add to his previous assessments of shifting sentiment in markets.

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