Anthropic's $1.4 trillion valuation: the golden age of AI, or capital's bold imagination?

When I saw that Anthropic's IPO valuation could reach as high as $1.4 trillion, my first reaction wasn't excitement, but to ask: is this price actually too high?
As a major player in the AI sector, Claude has attracted attention for its technology, products, and commercialization. As enterprise AI applications continue to develop, it's not hard to understand why the market is willing to give it a higher valuation.
But a high valuation means it will need to deliver even more impressive results in the future. AI competition is intensifying, and investment in computing power, R&D costs, commercialization efficiency, and competitors could all affect its long-term performance.
Gate is now opening the third round of subscription indications, with a minimum of 100 USDT and a reference price of $70–$78. Successful allocations can be transferred to a stock account; if no shares are allocated, funds will be refunded with an interest subsidy in accordance with the campaign rules.
My view is that being bullish on the AI industry doesn't mean every price is worth paying. Truly mature investors look not only at how compelling the story is, but also at whether the price is reasonable.
Do you think Anthropic's valuation is reasonable? Feel free to share a different view! $AMD #Gate直通IPO第三期Anthropic