Is Anthropic's IPO worth looking forward to?

I think it's worth watching, but that doesn't mean it's worth blindly chasing.
The market is currently rumoring that Anthropic plans to list on Nasdaq in October, with its valuation potentially reaching $2 trillion. However, this valuation has not been formally priced and remains a market expectation.
What really draws my attention is its growth rate.
The latest data Anthropic disclosed to investors is extremely striking: second-quarter revenue reached approximately $11.5 billion, up 14 times year over year, and it is expected to post adjusted operating profit for the second consecutive quarter.
If an AI company can truly grow rapidly while beginning to prove its profitability, then the IPO is not merely an exit opportunity for early investors.
It is effectively repricing the entire AI industry.
What would this mean for AI-related stocks?
I think there could be two completely different effects.
The first is higher valuations.
If Anthropic continues to attract buyers after listing, it would show that capital is still willing to assign high valuations to AI.
In that case, companies selling the “picks and shovels”—Nvidia, Broadcom, cloud computing, data centers, and power infrastructure—would continue to benefit.
The second is even more worth watching:
With such a high valuation, it must prove itself through performance.
Market rumors have already placed Anthropic's valuation near $2 trillion, while the market had previously used its future revenue expectations to support its high valuation. Reuters previously reported that Anthropic's revenue forecast for 2028 was approximately $190 billion to $200 billion.
This means that after the listing, the market will start doing the math every day:
Can the revenue be delivered?
Can profits keep up?
When will AI computing investments pay back?
Are enterprise customers truly willing to keep paying?
For the entire technology sector, I instead think this will be a major test.
In the past, the easiest AI trade to speculate on was:
Computing power → chips → data centers → cloud → AI applications
But once Anthropic actually goes public, the market will finally be able to see a top AI company's real public valuation and financial performance.
If Anthropic surges after listing:
The AI bubble argument may be suppressed for the time being, and capital will continue concentrating in the AI industry chain.
If it faces valuation compression immediately after listing:
Then things could get troublesome.
Because it could become the valuation anchor for the entire AI sector, and other highly valued technology stocks could also be reassessed.
So when I look at Anthropic's IPO now, I'm not just watching to see whether it rises.
I want to see how many times earnings the market is willing to assign to AI after it lists.
That is what truly matters.
After all, the next AI rally may not be about who tells the best story, but who can actually deliver revenue, profits, and cash flow.
#Anthropic #传Anthropic选择纳斯达克IPO