AI IPO wave tests investor appetite for trillions (opens in new tab)

Concerns about an AI bubble returned to market focus as chip stocks sold off and investors prepared for possible listings by SpaceX, Anthropic and OpenAI. Daily Maverick cited an estimated combined valuation of about $4 trillion, and the Financial Times said Wall Street is about to be asked to provide large amounts of capital. Goldman Sachs compared current conditions with the 2021 and 2000 market peaks across nine indicators and put today’s median historical percentile rank at the 86th perce...