According to CoinMeta, HSBC strategist Max Kettner stated that the potential initial public offering (IPO) of Anthropic could have a more profound impact than the mid-term elections in the United States. Two weeks ago, he downgraded his stock rating from overweight to neutral, believing that the overall narrative of the market regarding the tech industry had turned unfavorable. Despite the significant selling of tech stocks this week, the fundamental logic of artificial intelligence trading has not been disrupted. He remains cautious, questioning whether investors had nearly any risk hedging in anticipation of the elections, so it is still to be seen how much market risk these elections have eliminated. He said, "The event that could truly eliminate market risk might be the IPO of Anthropic in two weeks (if it goes ahead as scheduled)."