Dan Ives Sees Anthropic IPO Facing Valuation Pressure

Dan Ives, partner and senior managing director at Yorkville Ives & Co., discusses concerns about Anthropic's upcoming IPO. He examines capital raised by hyperscalers, calling it the "start of winners and losers" in the AI trade and says chip stocks have about another 10% - 12% to fall. He speaks on "Bloomberg Surveillance."