With jaw-dropping $1 trillion valuation, Anthropic overtakes OpenAI in market cap race | Latest Tech News
Buyers scooping up coveted Anthropic shares have vaulted the AI giant’s valuation on some trading platforms to $1 trillion – eclipsing OpenAI’s market capitalization by over $100 billion in a sea change in the AI race.
The investor scramble has ratcheted up in latest weeks, tech financiers told The Post – at the same time demand for OpenAI shares is sagging.
The valuation run-up is taking part in out on so-called secondary markets, where shares of still-private firms are traded, and comes forward of anticipated initial public choices from the artificial intelligence giants that would bathe shareholders with returns.
Anthropic CEO Dario Amodei. Bloomberg via Getty Images
Hype around Anthropic’s latest model, Claude Mythos, might have contributed to the spike in valuation. The company itself has warned that the tech, designed to unearth cyber threats, is simply too harmful to be launched widely — a stance some view as a canny publicity transfer.
Anthropic has also seen enormous income growth, from $9 billion at the end of 2025 to over $30 billion by the end of March. The company credited widespread adoption of its commercially obtainable Claude companies for the surge.
CEO Dario Amodei’s public feud about security protocols with the Trump administration — which lately blacklisted the company from working with the Pentagon — seems to have had little impact on merchants. The exec reportedly met with White House officers last week, half of efforts to decrease tensions.
Meanwhile, demand for OpenAI shares is reportedly flagging. Institutional traders searching for to promote $600 million of the company’s shares couldn’t discover consumers as of the end of March, according to Bloomberg News. That’s even as OpenAI wrapped up its biggest-ever fundraising spherical from other tech firms — drawing $122 billion.
Anthropic overtaking OpenAI’s valuation “says more about the quality of what Anthropic has delivered to its enterprise clients than anything else,” Mike Sobel, president and co-founder of secondary trading firm Scenic Advisement, told The Post.
“The quality of Anthropic’s earnings are just better,” he added.
Private stock market Hiive told The Post that the price for Anthropic shares has surged 211% to roughly $900 over the past three months, changing into one of the most actively traded firms on its platform.
Shares of OpenAI have risen just 8.5% to $608 over the same period, according to Hiive’s data.
Anthropic’s valuation has reached $1 trillion. Christopher Sadowski for NY Post
While valuations of personal firms in between funding rounds will be difficult to calculate, information on Hiive factors to a $1 trillion valuation for Anthropic.
OpenAI’s share price has remained roughly in line with its $852 billion valuation from its most latest funding spherical.
“Rumors of strong revenue performance in Q1 appear to be pushing the valuation higher,” said Hiive CEO Sim Desai, noting Anthropic’s latest price bounce is 10 instances Hiive’s index of its 50 most liquid pre-IPO securities. “We’ve seen sharp price acceleration in recent weeks.”
Sobel scooped up a slice of Anthropic shares in 2024 at a $19 billion valuation as half of FTX’s chapter proceedings after the Sam Bankman-Fried-led crypto exchange imploded. The place – which accounts for roughly 9% of Scenic Advisement’s portfolio – may return 20 instances Sobel’s initial investment if Anthropic retains trading around $1 trillion by the time it holds an IPO.
There’s no identified date from an IPO from either Anthropic or OpenAI. The Post has sought remark from both firms.
Sobel said he has no intention of promoting his shares of Anthropic, which he called a “generational company.”
“Everyday I’m getting calls from people wanting to buy my Anthropic shares,” he told The Post.
“I had billionaire family offices call me desperately wanting to buy a couple million dollars of shares virtually at any price. I mean, within reason. Everyone is seriously chasing this,”
OpenAI was valued at $852 billion during its most latest funding spherical in March. Christopher Sadowski for NY Post
The fervor for Anthropic shares has led to some uncommon provides.
One Silicon Valley dealmaker proposed swapping his 14-acre property for Anthropic shares, The Post reported. Storm Duncan, the founder of tech-focused investment bank Ignatious, remarked that agreeing on a valuation for the AI darling might be difficult given how it appears to be taking pictures up daily.
Meanwhile, Jesse Leimgruber, founder of San Francisco AI {hardware} startup OpenHome, wrote this week on X that a “very well known growth fund” provided to buy Anthropic shares at a $1.05 trillion valuation. He called the bid “absolutely wild.”
One Anthropic shareholder lately provided to unload shares at a $1.15 trillion valuation, Ken Sawyer, cofounder and managing companion at Saints Capital, a enterprise secondary firm, told Business Insider.
“It’s been an epic run for Anthropic,” Glen Anderson, CEO of fintech company Rainmaker Securities, told Business Insider. “Everybody wants to be part of a generational opportunity in AI, and right now, Anthropic is in the pole position.” Anderson said he obtained an offer to buy Anthropic shares valued at $960 billion, an unthinkable price even just weeks in the past.
“We get an offer, and then within a day someone else has already bought it,” he told the outlet. “There are almost no sellers.”
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