Investors brace for lower Anthropic valuation, calling $1.5 trillion a 'stretch'

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According to reporting by CNBC International Markets, Anthropic could list below a $1.5 trillion valuation, trailing previous expectations, as the AI trade sours on Wall Street.

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Following tech's selloff on Wall Street this week, some investors are lowering their expectations for Anthropic.

The artificial intelligence company had been looking toward a $2 trillion valuation in its IPO up until recently, but stakeholders told CNBC that even $1.5 trillion is now in doubt, with one investor calling that number a "stretch."

The change in sentiment comes alongside growing concerns about the outsized spending by AI companies and a sharp post-midterm slump in the market. The Nasdaq plummeted more than 5% on Thursday, its steepest drop in 19 months, reflecting fears that Democrats' newfound power in Washington, D.C., and a nationwide rebuke of AI will lead to a slowdown in the buildout of data centers.

Bearishness on the AI trade was on the rise before the election. The Nasdaq suffered its worst month in October since March 2025, led by declines in chipmakers and neoclouds.

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Information in this article was compiled directly from records provided by CNBC International Markets. Access the primary source document at: https://www.cnbc.com/2026/11/06/investors-brace-for-anthropic-valuation-1point5-trillion-a-stretch.html. Reporting and editorial review conducted by the USA NOW News Desk.