Nvidia’s Potential $10 Billion Anthropic IPO Investment: Key Points

Nvidia is in talks to invest up to $10 billion in Anthropic’s planned IPO, Reuters reports. Anthropic, the company behind Claude, wants to raise up to $100 billion and reach a valuation of around $2 trillion. Nvidia would act as an anchor investor, securing shares before the stock reaches the open market.

At the reported target valuation of around $2 trillion, Anthropic’s offering would be the largest IPO in history. The scale reflects how much investor attention has shifted toward frontier AI companies and the infrastructure required to run them. For readers, the key point is that this is not just a software story; it is also a compute and chip supply story.

The Decoder reports that Anthropic runs on Nvidia GPUs and committed in 2025 to buying $30 billion in Azure compute packed with Nvidia chips. Anthropic’s revenue reportedly rose from around $9 billion at the end of 2025 to over $65 billion by July 2026. The IPO is expected to wrap up before the US midterms in November.

Nvidia is described as continuing to play “central bank” for the AI industry by investing in customers such as Anthropic and OpenAI. It is also backing around $300 billion in guarantees that help data centers secure financing. The practical takeaway: much of this financing can flow back into demand for Nvidia chips, tightening the link between AI fundraising and Nvidia’s hardware business.