New York Angels' Peck Says Anthropic IPO Could Lift Tech After AI Selloffs

Bob Peck, a New York Angels board member, sees Anthropic’s initial public offering (IPO) as a tech catalyst. He says Alphabet’s record selloff has investors looking to the Anthropic IPO for an AI valuation marker. However, large investors reportedly want Anthropic priced at the low end of a $1.5 trillion to $2 trillion range. The final price could become a yardstick for hyperscalers, cloud giants worth $2 trillion to $4 trillion, per Peck. Can One Listing Settle the AI Valuation Debate? Peck said on CNBC’s “Squawk on the Street” that tech sentiment is slightly more cautious than six months ago. He tied Alphabet’s slide to weak AI monetization, Intel’s to softer PC demand, and Apple’s to margin pressure. Alphabet fell more than 12% on Oct.

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