Anthropic, known for its AI model Claude, is set to price its shares between $70 and $78 on November 18, potentially raising $64.35 billion and valuing the company at up to $1.405 trillion. Despite its rapid growth and improving profitability, CNBC's Jim Cramer highlighted three key uncertainties.
First, the impact of recent price cuts on revenue is unclear; while lower prices could boost usage, they may also indicate a shift in customer behavior towards more cost-effective options.
Second, Cramer questioned the sustainability of revenue growth, particularly if it relies heavily on Claude Code, and emphasized the need for Anthropic to identify new revenue streams to meet its substantial future computing commitments.
Lastly, he raised concerns about whether Anthropic's commitment to AI safety could hinder growth by delaying the release of advanced models, although this focus might also serve as a competitive advantage in a cautious market. Cramer remains cautious about recommending Anthropic shares until these uncertainties are addressed