Plausibly part of the chain of events, unlikely to be a cause in itself. Nothing pops because of an underperforming IPO.

Though Anthropic's IPO flopping might affect the valuation of OpenAI, which further inhibits their ability to raise additional funds (which they're already been struggling with). Given the incestuous financing in AI any major actor in the AI space defaulting could bring a lot of companies with it.

As a side note, regardless of outcome, Anthropic IPO:ing is the first step in the inexorable march toward profit maximization and enshittification. You all better be ready with your verification cans.

We can only hope.

I would guess Jensen's affairs are a huge boon to the IPO price. Money freed up to move from Nvidia to Anthropic. Also Anthropic loses one of it's main idealogical opponents

Only if issued stock is met with very low demand. Otherwise, we need to wait for OpenAI IPO or Oracle/CoreWeave going under.

Oh come on. Jensen affair = AI bubble pops? New Ed Zitron larp..

Here's an older compilation of some of the bubble theories in HN https://news.ycombinator.com/item?id=50313358