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Markets · Investing · Business
Finance
Forget the Anthropic IPO: 2 Magnificent AI Stocks to Buy and Hold Instead
Investors are waiting for a potential Anthropic IPO in the coming months, but buying Micron and Nvidia could be a smarter bet.
Anthropic has already confidentially filed its initial public offering (IPO) prospectus with the Securities and Exchange Commission (SEC) and could go public as soon as October, according to some reports.
As a top AI company with a leading artificial intelligence (AI) model, the Anthropic IPO could certainly be popular with investors. But history shows that many IPO stocks gain just 4% in their first year, and additional research shows that three years out, they usually lag the market by about 4%.
Details
This means it's likely that any initial surge of investor interest in Anthropic stock could peter out quickly.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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