Nvidia (NVDA.O) is in talks to join AI startup Anthropic as an anchor investor for what could become the largest IPO in history, according to Reuters sources. The Claude maker is seeking to raise up to $100 billion at a massive valuation of around $2 trillion.
📌 Key Takeaways & Important Metrics:
- Anchor Investment: Nvidia is considering investing up to $10 billion in the IPO, deepening strategic ties with one of its largest GPU customers.
- Valuation & Capital Surge: The $2 trillion target marks a massive leap from Anthropic’s $965 billion valuation in May 2026 (after a $65B raise).
- Explosive Revenue Growth: Annualized revenue run rate surged past $65 billion by end-July 2026 (up from ~$9B at end-2025), with internal projections reaching $190B–$200B by 2028.
- Multi-Cloud Compute Alliances: Follows prior commitments including $30 billion in Nvidia-powered Azure capacity, $100 billion+ over a decade for Amazon AWS (using 1M+ Trainium2 chips), and multi-gigawatt TPU capacity with Google and Broadcom.
- IPO Timeline: The offering is expected to launch and complete before the U.S. midterm elections in November 2026.
💥 The Big Picture: Anchored by Nvidia, Anthropic’s landmark listing will serve as the ultimate public-market test for frontier AI capital requirements, capping a record-breaking year for U.S. IPOs.