Anthropic have been calling for regulation, that in itself seems like a high risk for buyers.
The risk for investors is they don't succeed in getting regulatory capture because without that they don't have a long term business model
If we believe all the hype about programming efficiency, then regulatory capture in the US becomes just one more in a list of many steps the current administration has taken to chase software development jobs overseas.
The current SCOTUS majority will change any ruling as needed to satisfy the wishes of the oligarchs.