New Constructs' Trainer calls Anthropic is 'the most ridiculous IPO os 2026'

Podcast: Money Life with Chuck Jaffe · Chuck Jaffe

Opublikowano: 2026-10-05

David Trainer, founder and president at New Constructs, put a pre-IPO Anthropic in The Danger Zone today, saying the $2 trillion valuation is "absolutely absurd" for a business that is burning tons of cash, facing vicious competition and "with no conceivable profit margin ... when it's being valued as if it will have profits bigger than the most profitable companies in the world today." He says Wall Street is using Anthropic's IPO as "exit liquidity" to cash out on the money they've invested privately in the company, but the deal is shifting the bag and pushing the trouble down the road...