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Texas, September 13, 2026 – Nvidia is considering a landmark investment of up to $10 billion in Anthropic’s forthcoming initial public offering, a move that could cement the AI startup’s place among the most valuable companies in history.
The deal, if finalized, would underscore Nvidia’s growing role not only as a supplier of critical hardware but also as a strategic backer of the next generation of artificial intelligence firms.
Anthropic, the developer of the Claude AI models, is preparing to raise as much as $100 billion in its IPO, potentially valuing the company at $2 trillion.
Such a valuation would place Anthropic in the same league as the world’s largest technology giants, despite being a relatively young player in the industry.
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The listing is expected to take place before the U.S. midterm elections in November, adding a political dimension to what could be one of the most closely watched debuts in recent memory.
For Nvidia, the investment would serve multiple purposes.
As the dominant supplier of GPUs that power Anthropic’s AI systems, the company has already benefited from surging demand.
By anchoring the IPO, Nvidia would not only reinforce investor confidence but also deepen its strategic ties with a customer that has committed tens of billions of dollars to cloud providers like Amazon and Microsoft.
Anthropic has pledged $100 billion over the next decade to AWS and $30 billion to Microsoft Azure, reflecting the scale of its computing needs.
The financial trajectory of Anthropic has been nothing short of meteoric.
Its annualized revenue run rate soared to $65 billion by July 2026, compared with just $9 billion at the end of 2025.
The company projects revenues of up to $200 billion by 2028, a forecast that underpins its ambitious valuation.
In May 2026, Anthropic raised $65 billion at a $965 billion valuation, meaning the IPO could more than double its worth in less than six months.
The broader market context is equally striking. U.S. IPOs, excluding SPACs, have already raised a record $137 billion through August, buoyed by SpaceX’s blockbuster listing in June.
Anthropic’s offering would push those figures even higher, potentially setting a new benchmark for investor appetite in frontier technologies.
Still, risks remain. A $2 trillion valuation for a private AI lab could test investor tolerance for speculative growth.
Anthropic’s heavy reliance on Nvidia GPUs exposes it to supply bottlenecks and cost volatility, while the timing of the listing ahead of midterm elections may invite regulatory scrutiny.
If successful, the IPO would mark a turning point for the AI sector, signaling that startups can achieve valuations once reserved for Big Tech incumbents.
For Nvidia, it would be both a financial bet and a strategic maneuver to secure its dominance in the AI hardware ecosystem.
