Nvidia May Back Anthropic’s $100 Billion IPO With $10 Billion Stake

- Nvidia negotiating $10 billion anchor investment in Anthropic’s planned IPO - Offering expected to be record-setting ahead of U.S. midterm elections in November 2026 On September 12, 2026, Reuters reported that Nvidia is in talks to invest up to $10 billion as an anchor investor in Anthropic’s initial public offering, which is expected to raise as much as $100 billion at a possible $2 trillion valuation. The IPO would mark the largest public offering in history and is anticipated to occur before the U.S. midterm elections in November 2026. Nvidia’s early commitment aims to secure market confidence by establishing an anchor price, and this step is especially notable because Anthropic relies heavily on Nvidia’s hardware. Therefore, the partnership would give Nvidia an outsized influence on the deal’s initial momentum and price benchmarking, although the negotiations remain confidential and subject to change. Anthropic’s planned IPO will test investor appetite for frontier AI companies as its revenue and valuation accelerate, and the deal has the potential to redefine capital raising and technology sector valuations. In addition, projections suggest Anthropic could reach a $200 billion valuation by 2028.