Jim Cramer thinks the Anthropic IPO is a test for AI stocks

On Monday, Jim Cramer of CNBC told that the first sale of shares of Anthropic is an important test of investor trust in AI. This type of sale is an IPO. Anthropic makes the Claude AI model. The Wall Street Journal reports that the first trade can occur on Thursday or Friday of next week, at the earliest. The Journal gets this from persons that it does not name. Cramer tells that AI stocks cannot increase in value without the IPO.

How it works

Cramer tells that AI chips and data centers get money only if some AI developers, such as Anthropic, make revenue. SpaceX rents computing capacity to Anthropic and Google, and it uses that income to get chips. If a deal with Anthropic fails, Cramer tells that estimates for the suppliers must go down.

The numbers

• The payment of Anthropic to SpaceX: from $1.25 billion to more than $3 billion each month.
• Google pays SpaceX about $900 million each month.
• Value of Anthropic in the reports: from as much as $2 trillion to $1 trillion.

What is not known

Investor interest is lower, the reports tell. The reports connect the lower value to a sell-off last week. Investors think that the Democratic wave in the US midterm election means less construction of data centers. The source gives no words from Anthropic. The view of Cramer is an opinion.

Insight: A safety call and the IPO pull in opposite directions

Investors sold AI stocks because they think that the construction of data centers will be less. Before this, Clark, a co-founder of Anthropic, told a Tokyo audience that AI development must go at a lower speed. The market pays for speed, and a safety message for lower speed is a threat to the payment chain that this IPO must fund. Look at the first trade price.