3 hrs ago
Nvidia Eyes Anchor Investment in Anthropic’s Mega IPO
Anthropic is an artificial intelligence company that makes Claude.
It is considering selling shares to the public in a very large IPO.
The company could try to raise up to $100 billion.
That could make Anthropic worth about $2 trillion.
Nvidia may invest up to $10 billion and become an early supporter.
This could make other investors feel more confident about buying shares.
The plan is not final and could still change.
Anthropic needs enormous computing power to develop and operate its AI services.
It uses Nvidia chips but is also working with Amazon, Google, Microsoft and Broadcom.
Anthropic is discussing bringing Nvidia in as an anchor investor for a potential IPO.
The AI startup could seek up to $100 billion at a valuation of around $2 trillion.
Nvidia is considering investing as much as $10 billion, according to one source.
The proposed listing is expected before the U.S. midterm elections in November 2026.
Anthropic relies on Nvidia GPUs while expanding computing partnerships with Amazon, Google, Microsoft and Broadcom.
- Who
- Anthropic and Nvidia are the main companies involved; Amazon, Google, Microsoft and Broadcom are also described as technology or computing partners.
- What
- Anthropic is discussing a potential IPO that could raise up to $100 billion, with Nvidia possibly investing up to $10 billion as an anchor investor.
- Where
- The potential listing would take place in the United States; no specific exchange was identified.
- When
- The report was published September 12, 2026; the listing is expected to be completed before the U.S. midterm elections in November 2026.
- Why
- Anthropic is seeking capital to support its rapidly expanding AI business and computing needs, while Nvidia could deepen its relationship with a major customer and support the offering.
Potential Benefits
Risks and Uncertainties
Investor confidence
Potential Benefits
Nvidia’s participation as an anchor investor could provide an early vote of confidence and help support the unusually large IPO.
Risks and Uncertainties
The proposed investment and IPO remain under discussion, and the plans could change.
Strategic relationship
Potential Benefits
The investment could deepen ties between Nvidia and Anthropic, which relies heavily on Nvidia GPUs.
Risks and Uncertainties
The relationship highlights Anthropic’s dependence on major chip and cloud suppliers, even as it seeks to diversify its hardware sources.
Valuation and market demand
Potential Benefits
Anthropic’s reported revenue growth and projections could support a valuation near $2 trillion.
Risks and Uncertainties
The offering would test whether public-market investors are willing to support the enormous valuations and computing costs of frontier AI companies.
Key facts
- Potential fundraising
- Up to $100 billion
- Potential valuation
- Around $2 trillion
- Nvidia investment under consideration
- Up to $10 billion
- Expected IPO timing
- Before the U.S. midterm elections in November 2026
- Anthropic’s latest reported valuation
- $965 billion post-money after raising $65 billion in May
- Annualized revenue run rate
- More than $65 billion by the end of July, compared with about $9 billion at the end of 2025
- Projected 2028 revenue
- Approximately $190 billion to $200 billion
Sources
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