The plunge in tech stocks has led to a downward revision of Anthropic's IPO valuation expectations to between $1.5 trillion and $1.6 trillion.

Affected by the plunge in tech stocks, institutional investors have lowered their valuation expectations for Anthropic's IPO from $2 trillion to a range of $1.5 trillion to $1.6 trillion. The Nasdaq index fell about 10% from its high last week, Intel dropped 29% in a single day, and Alphabet lost approximately $500 billion in market capitalization. Investors are concerned about AI exposure, political obstacles in data centers, and the timeliness of converting cloud service providers' AI investments into profits. Anthropic has not yet finalized its valuation target and share sale size. (Source: IT Home)