Nvidia is currently weighing a massive ten billion dollar stake in Anthropic as the AI developer prepares for what could be one of the most significant initial public offerings in history. According to reports, the chipmaking giant is considering acting as an anchor investor for the debut, which could propel Anthropic to a staggering valuation of roughly two trillion dollars. Such a move would serve as a powerful signal of institutional confidence, helping the public market digest the immense valuations and capital requirements typical of today’s leading frontier AI laboratories.
The drive toward a public listing comes on the heels of an explosive growth trajectory for the creator of Claude. By late July, Anthropic saw its annualized revenue run rate skyrocket to over sixty five billion dollars, a dramatic leap from where it stood just months prior. To justify its ambitious price tag, the company is forecasting revenues between one hundred ninety and two hundred billion dollars by 2028, following a previous private funding round in May that had already valued the firm at nearly one trillion dollars.
This potential investment further cements a complex web of operational dependencies between the two companies. Nvidia has already been deeply involved in securing the physical infrastructure necessary for Anthropic’s scale, including brokering deals through providers like Lambda and Nscale. These arrangements include high stakes leases on massive data centers in Texas and West Virginia, ensuring that Anthropic has consistent access to the specialized computing power required to train its next generation of models.
Even with such deep ties to Nvidia, Anthropic is making strategic efforts to avoid total dependency on a single supplier. The startup has diversified its hardware pipeline with commitments exceeding one hundred billion dollars to Amazon Web Services over the coming decade and has secured substantial capacity via Google and Broadcom. While Nvidia remains a central pillar of their strategy, these parallel agreements suggest that Anthropic is hedging its bets across several tech titans as it scales into a global powerhouse.