Anthropic's $1.4 trillion IPO could raise $90 billion as Wedbush backs AI hardware outlook Proactive Tue, November 10, 2026 at 12:00 PM EST 2 min read TSM -0.15% ANTH.PVT GOOGM -0.46% AMD -1.37% AVGO +1.67% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Anthropic (Unlisted (US):ANTHRO), the artificial intelligence developer behind Claude, is seeking a valuation of up to $1.4 trillion in an initial public offering (IPO) that could give it substantial new funding for its expanding computing infrastructure.
The company has set a price range of $70 to $78 for 825 million shares, which could raise as much as $64.35 billion at the top of the range.
A concurrent $26 billion private placement involving Google, Nvidia, Advanced Micro Devices (AMD), Broadcom, Micron, Microsoft and Taiwan Semiconductor Manufacturing Company (TSMC) would take combined gross proceeds to around $90 billion.
Google and Nvidia are each committing $10 billion, while AMD will invest $2.5 billion and Broadcom, Micron and Microsoft will contribute $1 billion apiece.
TSMC is investing a further $500 million through the placement, which is conditional on completion of the IPO.
Wedbush views the proposed valuation as below the $2 trillion level previously reported as an ambition, but better than some investors had feared.
The broker sees public-market access as particularly positive for its hardware coverage because Anthropic will have another source of equity capital to finance substantial data-centre and computing commitments.
Anthropic's prospectus identifies compute and infrastructure investment as key uses for the IPO and private-placement proceeds, alongside operating expenses, working capital and recruitment.
The proposed listing also coincides with the launch of Claude Fable 5.2 and Claude Mythos 5.2, the company's first new frontier models since chief executive Dario Amodei called for a slower pace of artificial intelligence development.
The latest models generate output up to 30% faster than their predecessors, while input pricing has fallen from $10 to $8 per million tokens, the units of text processed by an AI model.
An optional fast mode, priced at twice the standard rate, increases token generation speeds by up to 2.5 times.
Wedbush sees this as a potential positive for Cerebras, the AI chipmaker, as the premium attached to faster token generation highlights the commercial value of greater inference speed.
The broker also highlighted the models' improved capabilities in designing electronics and working with robotics as a potential catalyst for physical AI, where artificial intelligence is integrated into machines and real-world systems.
That could represent another growth opportunity for the semiconductor and hardware companies supplying the infrastructure behind increasingly capable AI systems.
