Anthropic IPO valuation slips as AI stock selloff hits Wall Street

Anthropic's record IPO is heading into its investor roadshow under pressure, as a sharp selloff in AI stocks pushes prospective backers toward a lower valuation.

• The Nasdaq 100 fell 6.4% on Thursday, its worst session in years, erasing roughly $2.3 trillion in market value.
• Prospective investors are discussing a valuation of $1.2 trillion to $1.3 trillion, down from an earlier $1.4 trillion to $1.5 trillion range.
• Anthropic disclosed in an updated filing that it has committed nearly $900 billion to computing power and data centers, against $132 billion in cash.
• Traders on the prediction market Kalshi cut the odds of an IPO this month from above 90% to 60%.