Anthropic IPO could mark AI market peak, Copper Sky’s Selby warns

Selby's warning is less about Anthropic's fundamentals than about market structure: a debut of this size concentrates sentiment, and the lock-up expiry gives early holders a scheduled exit that could test demand after the first-day pop. It matters most for anyone treating AI exposure as a single trade, since a soft reception would be read as a verdict on the whole sector rather than one issuer. The open question is whether the raise lands near the top of its range and how the stock trades once lock-up supply arrives.