AI Bubble Risks: The High-Stakes Bet Behind Anthropic's $2 Trillion IPO

A debate over a potential stock market bubble in artificial intelligence continues, with concerns about significant economic losses if expectations fail to materialize. The situation echoes the dot-com bubble of 1995-2000, when tech stocks soared before crashing. Anthropic's upcoming IPO, valued at over $2 trillion, represents a major test. Despite 1,300% revenue growth in early 2026, the company reported net losses of $80.7 billion, highlighting that investments are based on future potential rather than current profitability. The Nasdaq fell 5.52% last week amid uncertainty over AI infrastructure investments, illustrating the sector's volatility. Anthropic has financed expansion through debt and long-term contracts while operations remain unprofitable, raising questions about who will bear the costs if expectations are not met.