Why is Scott Galloway bullish on Anthropic's IPO?

Scott Galloway said Anthropic is the case where the AI trade goes right: its revenue grew 14 times in the first half, and revenue per employee rose from $1.4 million to $6 million, second only to NVIDIA. He said that even if growth halves it could reach around $200 billion in annual revenue, so a $2 trillion valuation at 10 times revenue looks cheap, and pitched it as faster growth than NVIDIA or SpaceX at a lower multiple.

• Galloway still expects a correction, citing Amazon and Cisco losing 92% of their value after the dot-com bubble.
• Galloway noted The Economist called the dot-com crash in 1997, after which the NASDAQ doubled, so his advice is to stay invested and diversified.

▸In their words

“When I read the S1, I was actually quite bullish” Scott Galloway · at 48:21 — open in the transcript →

Source: our own transcription of the episode. The full conversation is on Pivot (2026-10-30). Read the whole episode summary →

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