Anthropic's IPO plans run up against a battered Wall Street

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Anthropic (ANTH.PVT) is widely expected to launch its initial public offering sometime between now and the end of the month. But those chances ran into a massive market buzzsaw on Thursday amid a widespread pullback in tech stocks, with names including AMD (AMD), Broadcom (AVGO), Micron (MU), Nvidia (NVDA), and Tesla (TSLA) leading the declines. The sharp drop sent the tech-heavy Nasdaq (^IXIC) tumbling more than 5%, while the S&P 500 (^GSPC) and Dow (^DJI) dropped nearly 4% and more than 3%, respectively. The route sent odds of Anthropic filing its IPO by Nov. 30 on prediction market Kalshi plunging from 84% just yesterday to 60% Thursday afternoon. Odds that the company would file by Dec. 31 also fell from 90% to 74%.