New Constructs report calls Anthropic 'the most ridiculous IPO of 2026'
simonebrunozzi · hn · 2026-10-27
Research firm New Constructs published a long-form report (PDF) bluntly calling Anthropic's upcoming IPO "the most ridiculous IPO of 2026," questioning whether its valuation is detached from fundamentals. The report is drawing discussion on Hacker News as a notable bearish take on AI company valuations.
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