Goldman Sachs is partnering with JPMorgan and Morgan Stanley in early underwriting discussions for Anthropic’s October IPO, which could target a valuation near $350 billion after a $1 billion commitment from Blackstone earlier this year. The move reflects banks’ anticipation of significant demand for AI infrastructure financing and potential advisory and underwriting fees.

GS strategists highlight elevated inflation and muted growth pressures, noting that central bank rate pricing has overshot estimated requirements. They caution that a prolonged Strait of Hormuz disruption could trigger a dollar rally and equity sell-off, whereas a swift de-escalation is expected to reinforce global equity gains and weaken the dollar.