Michael Burry skips Anthropic IPO, citing $895B spending commitments

Michael Burry said he will not buy Anthropic stock at its upcoming IPO, citing concerns that the AI company's massive future spending commitments outweigh its revenue growth. He described the firm as "betting its entire existence" on optimism. Anthropic's amended S-1 filing showed third-quarter revenue surged to $17 billion, but Burry highlighted $895.4 billion in committed spending on AI compute, chips, and infrastructure. He noted this exceeds even bullish revenue projections of $100 billion by roughly 12 times. Burry warned that "take-or-pay" contracts with hyperscalers could force Anthropic to pay for unused compute, raising costs and hurting competitiveness. He previously praised the company in April 2026 but now expects to remain a non-shareholder.