Jim Cramer said Monday he believes OpenAI may be preparing to go public soon, while warning that investor capital could become stretched amid growing demand for exposure to leading artificial intelligence companies.
Cramer said in a post on X that OpenAI appears ready to go public “real soon,” adding that there may not be “enough money around” to support major AI players, including OpenAI, Anthropic, SpaceX, and Alphabet’s Google.
A Future IPO, On OpenAI’s Terms
Cramer’s comments came as Anthropic moved closer to a potential IPO through a confidential SEC filing, weeks after the AI startup raised $65 billion in a Series H round that valued it at $965 billion and made it the world’s most valuable startup.
OpenAI CEO Sam Altman, meanwhile, said in a recent interview with CNBC’s David Faber that the ChatGPT maker could eventually become a public company, though management is not focused on the timing of a potential listing.
“… you know, going public is a financing event, and I don't think that's one that we're focused on the timing of. We'll do it when we think it makes sense,” Altman said.
AI Capital Could Be Stretched
Artificial intelligence has emerged as one of the market’s most powerful investment themes, driving trillions of dollars in value creation and helping propel companies such as Nvidia to record valuations while spurring massive AI-related spending by Microsoft, Amazon and Alphabet.
Anthropic’s potential public debut is drawing significant attention because it would offer investors rare exposure to a pure-play frontier AI company, a segment that remains largely inaccessible in public markets.
Wedbush analyst Dan Ives on the Anthropic news said “this represents an opening of the floodgates for the IPO market,” describing what he sees as a race to Wall Street among leading AI companies targeting public debuts in 2026.
Google’s parent company, Monday, announced plans to raise $80 billion in equity capital to fund its growing AI infrastructure needs, with Warren Buffett’s Berkshire Hathaway committing $10 billion through a private placement.
Can Investors Fund Every AI Giant?
The AI boom has created enormous wealth and fueled record spending, but a growing list of companies are competing for the same pool of investor capital.
Microsoft, Amazon, Alphabet and Meta are projected to spend about $700 billion on capital expenditures in 2026, highlighting the scale of the AI infrastructure race as the four tech giants more than double their annual spending from just a few years ago.
For Cramer, the question is not whether demand for AI remains strong, but whether markets can absorb a wave of massive fundraising events without forcing investors to become more selective.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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