By Douglas A. McIntyre
Publication Date: 2026-10-15 15:22:00
Anthropic’s explosive growth is exposing a painful gap between AI hype and reality for some of the biggest names in tech, and their investors may not yet grasp how serious the valuation problem has become.
Yesterday, Anthropic announced that its revenue grew 50% quarter over quarter to $16.8 billion. On the back of an envelope, its 2027 revenue could exceed $100 billion. That is about Morgan Stanley’s annual revenue. However, Anthropic’s top line could still be rising in the high double digits, just as Nvidia’s (NASDAQ: NVDA | NVDA Price Prediction) is today.
With that growth and its position at the center of the AI sector, Anthropic’s IPO valuation could reach a staggering $2 trillion.
Anthropic’s revenue, revenue growth, and valuation are a real challenge to the stock prices and market caps of publicly traded companies whose shares are largely based on their AI businesses. Microsoft (NASDAQ: MSFT) is a prime example. Its market cap is $3.9 trillion. But its shares…
