NVIDIA Stocks Rise Despite Baird Downgrade as $10 Billion Anthropic Bet Emerges Khac Phu Nguyen Wed, November 11, 2026 at 12:09 PM EST 2 min read NVDA +4.45% ANTH.PVT Trade NVIDIA 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.
NVIDIA (NASDAQ:NVDA) shares rose 1.68% to $171.72 at 9:45 a.m. ET on Wednesday, November 11, in regular trading, shrugging off a Baird downgrade to Neutral from Outperform after a bruising two-day slide. The bounce landed the morning after Anthropic's amended IPO filing disclosed that NVIDIA will buy about $10 billion of Anthropic shares at the offering price. The board's independent review of CEO Jensen Huang, launched on November 8, is still open.
Warning! GuruFocus has detected 3 Warning Signs with NVDA.
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Baird cut its target to $200 from $500 and paused its 2027 data center forecasts because visibility had deteriorated, according to 24/7 Wall St., though it still sees demand running ahead of supply. The Anthropic filing assigns NVIDIA 135,135,135 shares at the $74 midpoint, tying Google for the largest slice of a $26 billion concurrent placement. The board has said it has no reason to believe national security or company secrets were compromised, and Huang has agreed to cooperate. Third-quarter fiscal 2027 results arrive after the close on November 17, per the same report.
The $10 billion check equals roughly 0.24% of NVIDIA's $4.16 trillion market value, so the cash is small; the strategic signal is not. Anthropic runs on NVIDIA GPUs alongside Trainium, TPUs and AMD GPUs, and a direct stake helps keep NVIDIA in that mix, although investors may question vendor money flowing back into a customer. GuruFocus gives NVIDIA a GF Score of 91/100, with Profitability Rank 10/10, Financial Strength 9/10 and Momentum Rank 8/10, but only a 2/10 GF Value Rank. At $171.72, the shares sit 59.9% below GuruFocus's GF Value of $428.63, yet GuruFocus tags the setup "Possible Value Trap, Think Twice," so that gap is a model output, not assured upside. November 17 is the next hard test.
