Can the Anthropic IPO Save the AI Rally?

• AI stocks decline amid Nvidia CEO Jensen Huang's sudden resignation. • Anthropic IPO, valued at $1.4T, set for Nov 19, oversubscribed 6x. • Anthropic's debut may shift AI narrative from Nvidia to AI labs. AI stocks fell for a second day as Nvidia CEO Jensen Huang resigned. Nvidia's role as AI financing backstop faces scrutiny. Anthropic's IPO, now at $1.4T valuation, is six times oversubscribed and set to trade Nov 19. The Claude developer reports $81B revenue run-rate and triple-digit growth, trading at 17x sales. A strong debut may lift broader AI names, shifting focus from Nvidia's picks-and-shovels to Anthropic as the direct AI bet.