How much did Anthropic's revenue grow year-over-year?

Roughly 4x compared to last year.

What is the biggest challenge for AI company IPOs?

Market timing: if delayed, they may face a less enthusiastic market after the peak.

OpenAI vs. Anthropic: Race to IPO Before AI Hype Peaks

Q: Which stocks are affected by this race?

Major tech stocks like NVIDIA (NVDA), Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOGL).

OpenAI and Anthropic are racing to go public before the AI hype peaks, with Anthropic's revenue growing 4x year-over-year.

June 26, 2026

2 min read

Source: 24/7 Wall St.

Key Numbers

anthropic revenue growth

4x from last year

On CNBC's Closing Bell Overtime Thursday, the conversation returned to the question every AI investor is now asking: When will OpenAI and Anthropic stop pretending they want to stay private?

Details

According to 24/7 Wall St., the clock is ticking based on revenue physics. Anthropic's revenue has roughly quadrupled year-over-year, positioning it strongly for an IPO. Meanwhile, OpenAI faces similar pressure from its investors to go public before momentum fades.

Context

The race comes as major tech stocks like NVIDIA (NVDA), Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOGL) see strong demand due to their AI investments. An IPO for either company would be a real test of the market's valuation of the AI sector.

What This Means for Investors

If one company succeeds in going public before the other, it may achieve a higher valuation amid current demand. However, delay could mean facing a less enthusiastic market if the AI wave subsides.

Frequently Asked Questions

To avoid the peak of AI hype and capitalize on current demand before it fades.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.