Anthropic’s $1.4 trillion IPO Target Leaves Investors Wondering If It’s Selling Stock or a New Planet

Anthropic, the developer of the Claude chatbot, is targeting a valuation of up to $1.4 trillion in its upcoming IPO, down from the roughly $2 trillion figure that had been floated earlier.

The trimmed target comes as markets show heightened volatility and investors voice doubts about the durability of the AI boom.

Even at $1.4 trillion the valuation would rank among the largest ever public listings, though it remains below the $2 trillion ceiling once imagined.

Analysts note that the adjustment reflects a more realistic pricing amid recent AI setbacks and a broader pullback in tech stocks.

The move underscores the uncertainty surrounding AI‑centric companies as they seek public capital.