Ray Wang of Constellation Research discusses the AI landscape and Anthropic's (ANTH.PVT) IPO filing with Yahoo Finance. Broadcom is now Anthropic's main chip supplier, and a Wall Street Journal report says it spent two months trying to get banks to commit over 40 billion dollars to develop chips in time for the IPO. Wang argues chip demand still outstrips supply, benefiting Broadcom and AMD, and expects demand to last two to three years. Meta fell on news it plans to sell about 100 billion dollars of stock to fund its AI buildout, and Nvidia, Broadcom and AMD are reportedly interested in buying some of the shares, raising concerns about circular financing. Wang sees high concentration risk but is not worried over a 12 to 18 month horizon, and expects Anthropic's valuation to reach around 1.92 trillion dollars while raising about 100 billion, above SpaceX's 86 billion.
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