Anthropic to IPO amid Nvidia fiasco Dan Primack Fri, November 13, 2026 at 10:40 AM EST 1 min read ANTH.PVT NVDA -3.93% SPCX -1.67% MSFT +0.16% 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's IPO is just a week away, and is suddenly trying to dodge Nvidia fallout.
The big picture: The macro is a possible unwind, or at least reorientation, of the entire AI trade. The micro is a myriad of financial and strategic ties between the two companies.
By the numbers: Nvidia recently agreed to purchase around $10 billion of Anthropic shares via a $26 billion private placement concurrent to the IPO. That ties it with Google for the largest investor in that deal, and is in addition to a $10 billion funding commitment that Nvidia made to Anthropic late last year.
Anthropic also has committed hundreds of billions of dollars to cloud computing deals for Nvidia GPUs, including with SpaceX, Microsoft, Nscale, and Lambda.
Zoom out: There is no indication that Nvidia wouldn't make good on any of its pledges, and the Anthropic IPO is said to be oversubscribed (although we don't know at what price).
Moreover, Jensen Huang was a very vocal cheerleader for open-source AI, so his ouster could give some boost to closed model makers like Anthropic.
Yes, but: We're obviously in uncharted territory.
And there's a new WSJ report suggesting that interim CEO Colette Kress was worried that Jensen ventured out over his skis on certain dealmaking.
The bottom line: At the very least, Anthropic IPO investors should view the prospect of future mega-deals with Nvidia as hazy.
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