Alphabet Stocks Rise as Google Commits $10 Billion to Anthropic IPO Khac Phu Nguyen Wed, November 11, 2026 at 12:04 PM EST 1 min read ANTH.PVT GOOGM +1.57% NVDA +4.44% 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.
Alphabet (NASDAQ:GOOGL) shares rose 1.10% to $290.54 at 9:45 a.m. ET on Wednesday, November 11, in regular trading, after Anthropic's amended registration statement showed Google agreeing to buy about $10 billion of non-voting Class N shares at the IPO price. The placement closes right after an offering Anthropic has marketed at $70 to $78 per share.
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At the $74 midpoint, Google's commitment equals 135,135,135 shares, matching NVIDIA for the largest piece of the $26 billion placement. The filing says the purchase funds part of Google's previously committed obligations under the "Google 2026 NPA." TradingKey estimates Google's holding rises to about 1.79 billion shares from 1.65 billion, worth roughly $132.4 billion at the midpoint. The same filing shows Anthropic booked $33.2 billion of revenue and a $104.0 billion net loss in the first nine months of 2026.
That $132 billion stake would equal about 3.7% of Alphabet's $3.55 trillion market value, enough for Anthropic's post-IPO trading to swing Alphabet's other income each quarter. The commercial loop matters too: Anthropic runs workloads on Google TPUs, so Google is investor and supplier at once, which could cut both ways if Anthropic's losses persist. GuruFocus scores Alphabet 98/100, with Profitability Rank 10/10, Financial Strength 8/10, Momentum Rank 8/10 and GF Value Rank 7/10. At $290.54, the shares trade 5.7% above GuruFocus's GF Value of $274.98, a level GuruFocus labels "Fairly Valued." The next checkpoint is Anthropic's final pricing, with trading expected as early as next week.
