Anthropic’s slowing growth raises questions for the AI investment trade

The Claude maker is still expanding fast, but a cooling growth rate, heavy losses and huge compute commitments are drawing scrutiny ahead of a reported IPO Anthropic , the company behind the Claude models, is growing at a pace most companies only see in pitch decks. Even so, its growth is reportedly slowing, and investors are treating that as a potential warning sign for the wider AI market. Anthropic is reportedly preparing for an IPO, with attention focused on a listing expected in November 2026. The valuation target is said to be close to $2 trillion.

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