#TrillionDollarIPOs The trillion-dollar IPO wave is not just a bullish tech story. It is a liquidity test. $SPACEX , $OPENAI and $Anthropic coming toward public markets would give investors direct access to the biggest private AI and infrastructure narratives. That sounds exciting, but it also asks a brutal question: Can public markets absorb trillion-dollar dreams when rates are still high? This is where the story gets interesting. These companies are not normal IPOs. They are capital-hungry platforms trying to price the future before the future fully arrives. AI models need compute. Compute needs chips. Chips need power. Space networks need capex. Everything is expensive before it becomes profitable at scale. That can support $NVDA , $AMD , $TSM , $AVGO $MSFT , $AMZN and $GOOGL because the infrastructure spend does not stop. But it can also drain liquidity from weaker growth names. Big IPOs don’t only create opportunity. They compete for capital. If this wave lands during tight financial conditions, the market may separate real infrastructure from pure narrative very quickly. #TrillionDollarIPOs $NVDA $AMD $TSM $AVGO $MSFT $AMZN $GOOGL