The AI IPO Race Is On: Anthropic Files, OpenAI Stalls, and Wall Street Is Losing Its Mind

The AI IPO conveyor belt is officially moving. Anthropic filed confidentially with the SEC at a jaw-dropping $965 billion post-money valuation — potentially a trillion-dollar debut — beating OpenAI to the punch and leaving SpaceX as the only one likely to price first (mid-to-late June, per Bloomberg Intelligence). Meanwhile, $GOOG announced an $80 billion equity raise — one of the largest ever — with $BRK.B snapping up $10 billion of it, bringing Berkshire's total Alphabet stake above $30 billion. CNBC's Fast Money crew called it Buffett's Apple moment. That's not nothing.

Across Bloomberg Podcasts and CNBC, creators are remarkably aligned: AI infrastructure is the trade, earnings growth is outpacing price appreciation (valuations are actually compressing), and the upcoming IPO wave won't cannibalize the Magnificent 7 because free floats will be tiny. HSBC's William Cells put it cleanly — diversify across chipmakers, enablers, adopters, and energy plays. IBD's traders are playing $TQQQ with 67% portfolio concentration after April's follow-through day. Dan Niles called $NVDA cheap at 26x P/E versus 80% revenue growth. Hard to argue.

The one area of real disagreement? How anxious you should be. Sam Altman told CNBC 'people are right to be anxious' while a former Trump AI advisor shrugged and called it 'basically cloud computing.' One of these people is running the most powerful AI company on earth. The other one isn't.