Jim Cramer Says Bears Want to Derail Anthropic’s IPO. Here’s Why It Matters - Yahoo Finance
By Google News AI ·
Cramer says bears are targeting the Anthropic IPO, while the S-1 shows revenue surging from $41M in 2023 to $4.6B in 2025.
Anthropic's $80.7B first-half 2026 net loss is mostly non-cash, with $72.4B tied to rising fair value of convertible notes.
Long-term take-or-pay compute contracts running through 2045, with total dollar commitments still blank in the filing, give bears their strongest case.
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Jim Cramer has named a target for the market's skeptics. "I think that the goal of the bears out there is to derail the Anthropic IPO. That will be the straw..." he wrote on X on November 1. The next day, as headlines reported fresh Anthropic revenue figures, he followed up: "could have used some more details, Anthropic, but not hurt by what we heard".
His interest reaches past one company. In October, Cramer said that "If there's enough demand that Anthropic IPO is successful, that will give investors much more confidence that the AI data center theme has legs, although we'll also suck a massive amount of money away from the rest of the group." That expansion runs through the power, cooling, and networking suppliers behind the racks, the group we profiled in a free report on seven AI infrastructure names that aren't chipmakers. In a CNBC segment this week, he added that "if you're a tech optimist, the good news is we're approaching some potential turning points and the Anthropic IPO keeps marching along."
Anthropic, the company behind the Claude AI models, filed its S-1 registration statement on October 26. Revenue grew from $41 million in 2023 to $386 million in 2024 and $4,585 million…
Originally published by Google News AI