Nvidia Corp. (NASDAQ:NVDA) is reportedly weighing an investment of up to $10 billion in Anthropic’s potential initial public offering, as the Claude maker is seeking to raise up to $100 billion at a valuation of about $2 trillion.
Nvidia Weighs Investment in Anthropic’s Potential IPO
Nvidia is considering becoming an anchor investor in Anthropic’s IPO, Reuters reported on Friday, citing people familiar with the discussions. The talks remain preliminary and could change.
An anchor investor typically commits to buying a portion of an IPO before the offering is marketed more broadly, providing an early vote of confidence that can help attract other investors.
Anthropic and Nvidia did not immediately respond to Benzinga’s request for comment.
Anthropic Targets $100 Billion IPO Raise
Anthropic’s planned offering could become the largest IPO ever if the company raises as much as $100 billion. The Claude developer could command a valuation of about $2 trillion, up sharply from its $965 billion post-money valuation after a May funding round.
The company’s annualized revenue run rate surpassed $65 billion by the end of July, up from roughly $9 billion at the end of 2025.
Anthropic is reportedly basing part of its valuation expectations on a forecast of about $190 billion to $200 billion in revenue in 2028.
Anthropic’s AI Ties With Nvidia, Amazon and Google
Anthropic relies heavily on Nvidia GPUs while also expanding its use of Amazon.com, Inc.’s (NASDAQ:AMZN) Trainium chips and Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google’s TPUs.
The company has committed to spending more than $100 billion with Amazon Web Services over a decade and plans to use more than 1 million Trainium2 chips.
Anthropic is also building an internal chip-design team to design chips for its AI model Claude.
The IPO is expected before the November U.S. midterm elections.
Price Action: Nvidia closed at $218.29 on Friday, down 0.03% for the session. In after-hours trading, the stock was at $218.26, down 0.01%, according to Benzinga Pro.
According to Benzinga Edge Rankings, Nvidia ranks in the 98th percentile for growth, with positive short-, medium- and long-term price trend ratings. Investors can compare Nvidia’s performance with peers such as AMD using Benzinga’s stock screener.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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