Anthropic's $1.5 Trillion IPO Could Expose the Biggest Risk Facing the AI Boom

Key takeaways

• One stock has already lost nearly half its value in a month, and the Anthropic mega-deal could decide what happens next.
• Anthropic is reportedly seeking $80 billion to $100 billion at a valuation around $1.5 trillion, down from earlier talk of approximately $2 trillion.
• Full-year 2026 capex guidance is $35 billion to $39 billion.