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StocksMediumUpdated•Originally published 12 September 2026•Updated 12 September 2026•
2 min read

Nvidia Weighs Up to $10 Billion Anchor Investment in Potential Anthropic Offering

Key Facts

1Nvidia is considering investing up to $10 billion as an anchor investor in Anthropic's potential initial public offering.
2Anthropic could raise up to $100 billion at a valuation of around $2 trillion, but the plans remain subject to change.
3Anthropic confidentially submitted a draft S-1 on June 1, 2026, and has not set the share count or offering price.
4NVDA closed at $218.29 on September 11, 2026, after trading between $218.17 and $222.

Anthropic is in talks to bring Nvidia into a potential initial public offering as an anchor investor, while the chipmaker is considering an investment of up to $10 billion, Reuters reported on September 11, 2026, citing two people familiar with the discussions.

Anthropic is seeking to raise as much as $100 billion in an offering that could value the company at around $2 trillion, according to the report. The plans remain under discussion and could change; Anthropic declined to comment, while Nvidia did not immediately respond to a request for comment.

Anthropic said on June 1, 2026, that it had confidentially submitted a draft Form S-1 registration statement to the U.S. Securities and Exchange Commission for a potential initial public offering. The company said the number and price of shares had not been set and that the offering would depend on market conditions and other factors.

An anchor investor typically commits to buy part of an initial public offering before the deal is marketed more broadly, potentially giving other investors an early indication of institutional demand. Such a commitment would not determine the offering price or ensure a successful listing, particularly while the size and valuation remain under negotiation.

The talks follow a partnership announced by Anthropic, Nvidia and Microsoft on November 18, 2025. It included investment commitments of up to $10 billion from Nvidia and $5 billion from Microsoft, alongside Anthropic's commitment to buy $30 billion of Azure compute capacity and contract for up to 1 gigawatt of additional capacity using Nvidia systems.

Nvidia (NVDA) shares closed at $218.29 on September 11, 2026, after trading between $218.17 and $222 during the session, according to EL7 data. The next milestones are any disclosed offering terms or public registration documents, along with official confirmation from Nvidia about the size of its participation.