Nvidia Weighs Another Massive Bet on AI with $10 Billion Anthropic Investment

Nvidia is reportedly considering investing up to $10 billion in Anthropic's planned initial public offering (IPO) as an anchor investor. This would be a repeat investment, as Nvidia agreed to invest up to $10 billion in Anthropic in November 2025 as part of a deal tied to Nvidia-powered computing capacity.

At a valuation of around $2 trillion, a $10 billion stake in Anthropic would represent about half of 1% of the company. This would be a significant investment for Nvidia, but not an overly large one considering its quarterly profits and revenue growth.

The chipmaker's investment gains and sales are increasingly dependent on artificial intelligence (AI) spending. If AI demand cools, Nvidia could face smaller orders and markdowns on its stakes at the same time.