Anthropic IPO: Here's What a $5,000 Investment Could Be Worth in 5 Years

Anthropic, the AI company behind Claude, is preparing for an IPO with a targeted $2 trillion valuation. While the company achieved explosive revenue growth (12x in 2024, 45% Q2-Q3 2026), it remains unprofitable with massive infrastructure spending. Depending on market scenarios, a $5,000 investment could be worth $15,000 (bull case), $3,000 (base case), or $750 (bear case) in five years. The author expresses skepticism about the bull case, believing AI will become commoditized.