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This report from Multiples.vc provides public AI valuation multiples as of June 2026, covering hyperscalers, semiconductor supply chain, neoclouds, and other segments with median forward revenue multiples and growth rates.
The article details how regulatory changes by Nasdaq and FTSE Russell in 2026 paved the way for SpaceX, OpenAI, and Anthropic to enter index funds, embedding their high valuations in retirement accounts and making a market correction politically difficult, resulting in a slow bleed rather than a crash.