Anthropic, the developer of Claude AI models, has confidentially filed for an initial public offering (IPO), drawing Wall Street attention and speculation that it could seek a $2 trillion valuation. The target follows a $65 billion Series H funding round earlier this year. Market activity suggests the company’s market capitalization could come in below $1.25 trillion when trading closes on the IPO, although higher valuation ranges have attracted stronger support. Shifts in sub-market pricing also indicate that enthusiasm around the filing has eased somewhat. The intense focus on Anthropic has overshadowed less-discussed AI segments, including AI cooling technology. Investors are watching for disclosures on IPO pricing and share count, as well as updates from the U.S. Securities and Exchange Commission (SEC), the U.S. securities regulator, and strategic decisions by Anthropic’s investors. The performance of AI cooling stocks could provide opportunities beyond high-profile IPOs. Vera is promoting live prediction-market analysis related to the developments.