Nvidia Eyes Massive Stake in Anthropic's Record-Breaking IPO

Nvidia is reportedly in discussions to become an anchor investor in Anthropic's proposed initial public offering (IPO), potentially investing up to $10 billion. This would put Nvidia among the first buyers in a flotation of one of its major computing customers, Anthropic.

Anthropic is seeking to raise up to $100 billion at a valuation of about $2 trillion, according to two people familiar with the matter. This would be a little more than double the post-money valuation reported for Anthropic's $65 billion fundraising round in May.

The proposed IPO investment would deepen the financial ties between Nvidia and Anthropic, which have an existing partnership. In November 2025, Nvidia invested up to $10 billion in Anthropic as part of a broader agreement. However, this new potential IPO allocation is separate from that earlier deal.