Good morning, you're listening to Markets Desk.
Anthropic's IPO prospectus has reportedly leaked, and the headline figure is staggering — a two trillion dollar valuation that would make it one of the largest public offerings in history. The income statements inside reveal the scale of AI investment required to compete, and the appetite among institutional investors appears real, though pricing at that level will test even the most bullish assumptions.
Staying in the IPO space, smart ring maker Oura has pulled back its planned offering, citing market uncertainty despite what the company calls strong demand and improving fundamentals since the process began. It's a cautious read on conditions right now — when a well-capitalized consumer tech company with genuine momentum decides the window isn't right, that tells you something about where sentiment sits beneath the surface.
Shifting to the electric vehicle space, Tesla's Semi is running into a hard infrastructure ceiling. The company holds thousands of orders for its electric big rig, but a shortage of megawatt-level charging capacity means deliveries this year could be capped at roughly two hundred fifty units. It's a reminder that the bottleneck in EV scaling isn't always the vehicle itself — sometimes it's everything the vehicle depends on.
That's the tape. Markets Desk, signing off the floor.
