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NOTABLEChinese Media2026-11-02 23:44

Tech sell-off drags Anthropic's 'largest IPO ever' valuation down, expectations fall from $2 trillion to the $1.5 trillion range

Investors planning to join Anthropic's IPO now put its valuation at $1.5 trillion to $1.6 trillion, well below the nearly $2 trillion discussed for months, according to the Wall Street Journal. The shift followed a tech sell-off in which the Nasdaq fell about 10% from its high, Intel dropped 29% in a single day, and Alphabet lost about $500 billion in market value after earnings. This matters because the repricing of what would be the largest IPO ever is an early signal of how far market enthusiasm for AI valuations has cooled.

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