Nvidia Is Weighing a $10 Billion Stake in Anthropic’s IPO. It Would Be Buying Its Own Demand.

Nvidia Is Weighing a  Billion Stake in Anthropic’s IPO. It Would Be Buying Its Own Demand.

By Unknown
Publication Date: 2026-09-26 19:59:00

Key Points

  • Nvidia is reportedly in talks to invest up to $10 billion as an anchor investor in Anthropic’s planned IPO.

  • In November 2025, Nvidia agreed to invest up to $10 billion in Anthropic as part of a deal linked to Nvidia-powered computing capacity.

  • At a $2 trillion valuation, a $10 billion stake would come to around half of 1% of Anthropic.

Nvidia(NASDAQ:NVDA) might be gearing up to write Anthropic a second $10 billion check.

The chipmaker’s in talks to be an anchor investor in Anthropic’s planned initial public offering (IPO), Reuters said this month, a deal that could deepen its ties to a major customer. A source put Nvidia’s possible investment at up to $10 billion.

Missed AI’s “Act 1”? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn’t buy Nvidia in 2005. But according to our analysts, we’re only at the end of “Act 1″—the R&D phase. “Act 2” is the global rollout. Continue »

The artificial intelligence (AI) company behind the Claude models is reportedly looking to raise as much as $100 billion in a listing that might value it at roughly $2 trillion. Reuters has since said that the IPO may slip past the U.S. midterm elections in November. Of course, the plans might still change, and neither company has confirmed the talks.

What would Nvidia get for the money?

Image source: Nvidia.

Two $10 billion checks

The first check was directly tied to Nvidia’s hardware. In November 2025, Nvidia said it would invest up to $10 billion in…