Anthropic’s $1.5T IPO may trigger rotation out of crypto and tech stocks, hedge fund says

Moon Pursuit Capital warns that Anthropic's massive public offering could temporarily divert capital from risk assets as investors weigh its valuation and mounting AI infrastructure costs. Anthropic ’s anticipated $1.5 trillion initial public offering could temporarily draw capital away from cryptocurrencies and high growth technology stocks as investors raise funds to participate in the listing, according to hedge fund Moon Pursuit Capital. Courtney Olujobi, a principal at the firm, told Crypto Briefing that an IPO of this size could prompt institutional investors to rebalance their portfolios, creating short term pressure on speculative assets.

Source: Crypto Briefing