Nvidia and Alphabet Just Agreed to Buy $10 Billion Each of Anthropic Stock at Its IPO Price
Key PointsAt the $74 midpoint of Anthropic's price range, Nvidia's $10 billion would buy around 135 million shares.
Anthropic, an artificial intelligence (AI) firm, announced terms for its initial public offering (IPO), with shares priced between $70 and $78. The company plans to list on the Nasdaq under the ticker ANT. Seven firms, including Nvidia and Alphabet's Google, agreed to buy a combined $26 billion in Anthropic shares at the IPO price of $74.
Nvidia's investment amounts to about $10 billion, which is roughly 1% of the 13.1 billion shares Anthropic expects to have outstanding after the IPO. The investment comes on top of a previous commitment Nvidia made in 2025 to invest up to $10 billion in Anthropic. Anthropic's revenue surged to $33.2 billion from January to September, up from $2.5 billion a year before.
Its operating loss also shrank significantly during the same period. The investment in Anthropic is considered a wise use of Nvidia's cash, but it is small compared to Nvidia's own business.
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