Anthropic IPO Waiting Game Puts Wall Street on Edge

Anthropic CFO Krishna Rao and other executives met with potential investors ahead of a possible IPO. The company cut spending from $2.30 per $1 of revenue in spring 2025 to a small profit in Q2, but warned profit may be short-term due to aggressive data center deals.

• Anthropic spending fell from $2.30 per $1 revenue to Q2 profit
• Company intends to aggressively pursue data center deals
• Rising infrastructure costs may reduce operating profit
• Investors await Anthropic's IPO decision