Cramer Backs Goldman Sachs After Anthropic Files IPO, Opening New AI Fee Pool

3 articles · Updated · Yahoo Finance · Oct 27

Anthropic’s Monday IPO filing put Goldman Sachs and Morgan Stanley in line for underwriting fees, prompting Jim Cramer to call Goldman a buy.
Goldman’s opportunity comes as AI companies lean on equity markets for funding—Alphabet sold $85 billion of stock in June, and Meta is reportedly planning a $95 billion sale.
Cramer said Anthropic’s prospectus looked healthier because no single customer made up more than 10% of revenue in the nine months through Sept. 30, though the filing also warned of fixed cloud-spending commitments.
Markets welcomed the filing: the Nasdaq rose 1%, the S&P 500 gained just under 1%, and chip stocks led as lower oil prices and bond yields supported tech ahead of a Fed decision Wednesday.
The deal also sharpens focus on who taps investors next, with Cramer pointing to Amazon and Microsoft—both reporting earnings this week—as likely AI fundraisers if demand for new equity holds up under tighter Fed policy.