Invesco AI ETF beats Anthropic IPO as buy-and-hold pick

Anthropic's registration documents, filed Oct. 26, revealed a $693 million operating loss, an $80 billion net loss, and $518 billion in noncancellable debt over the next 10 years to build out data centers, alongside concentration risk from two clients accounting for 20% of revenue. Kovaleski points to Space Exploration Technologies' post-IPO flop as a reason investors may hesitate to chase the Anthropic listing, suggesting they wait before committing. Against that backdrop, he presents the Invesco AI and Next Gen Software ETF as a way to hold Anthropic alongside other AI names without single-IPO risk. The fund tracks the STOXX World AC NexGen Software Development Index, which caps individual positions at 8% and rebalances four times a year, and its 53% year-to-date gain ranks fourth among AI ETFs. Kovaleski notes that if Anthropic succeeds it is already in the fund, and if not, roughly 99 other holdings provide balance.