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Startups & Venture·November 2, 2026·1 min read

Equal-Weight Keeps You In Investing Game: Tema's Nardini

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Anthropic’s IPO is already being discussed in the same breath as concentration risk, which tells you how much index exposure is riding on a handful of AI names. If your company’s valuation story leans on “AI peer comps,” assume investors will increasingly discount single-name risk.