Anthropic's $2T valuation tops 35 SaaS firms combined on 4.6x less revenue, bubble debate rages
ChrisGPT · x · 2026-10-17
The author pushes back on "the AI bubble will pop" takes, with a chart showing Anthropic's $2T valuation exceeds 35 SaaS companies (Atlassian, Zoom, Adobe, Salesforce, SAP, etc., $948B combined) despite generating 4.6x less revenue ($11.5B vs $53.4B).
Key arguments:
- Historical tech bubbles never eradicated their industries, only repriced them — the 1983-85 video game crash saw revenue fall 97% before Nintendo revived it
- Even a 20-50% drop at an Anthropic IPO wouldn't evaporate its engineers or GPUs
- CoreWeave and Oracle fell 20-40% in a month and recovered; AI development continues regardless of tickers
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