Anthropic’s Path to $1.5 Trillion Demands 30% Margins: Plausible, but Delivering Is Another Matter
Aswath Damodaran warns Anthropic’s $1.5T IPO is about pricing, not intrinsic valuation. ARR may mask deep cash flow risks.
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Why It Matters
Anthropic is being valued at $1.5 trillion, which is a huge number. To be worth that much, the company would need to make very big profits in the future, and experts say that might be really hard to do.
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