[Tech Stock Plunge Drags Down Anthropic's "Largest IPO in History" Valuation, Expectations Drop from $2 Trillion to $1.5 Trillion Range] According to IT Home, citing the Wall Street Journal, last week's plunge in tech stocks is changing the valuation assessments of institutional investors planning to participate in Anthropic's IPO. In the past few days, these investors have told Anthropic and its advisors that the valuation at the time of the IPO later this month should be between $1.5 trillion and $1.6 trillion, far lower than the nearly $2 trillion level previously discussed in the market. The report states that the Nasdaq index fell about 10% from its high last week, approaching technical correction territory; Intel plunged 29% in a single day, and Alphabet's market capitalization evaporated by about $500 billion after its earnings report. Investors are also concerned about excessive AI exposure, political obstacles facing data centers, and when hyperscale cloud service providers will be able to convert their AI investments into profits. Anthropic has not yet finalized its valuation target and the size of the share sale.