Huang's exit clouds Anthropic's blockbuster IPO

Nvidia CEO resigns amid scandal

Jensen Huang resigned from Nvidia on Thursday following reports he engaged in two extramarital affairs: one with a customer suspected by U.S.

Anthropic IPO timing worsens

Anthropic is expected to list on Wednesday or Thursday next week, days after Nvidia reports quarterly earnings for the first time without Huang at the helm.The timing adds pressure to an already closely watched listing.

Nvidia's massive stake in Anthropic

Nvidia has agreed to buy about ten billion dollars of shares in a twenty-six billion dollar private placement alongside the IPO.

Deal likely to proceed despite turmoil

Jay Goldberg, an analyst at Seaport Research Partners, said the IPO will not be derailed.

“They're going to go public right in the face of Nvidia's earnings call, and I don't think that derails it.”

Tougher questions ahead for Anthropic

The bigger risk comes once Anthropic is public.Goldberg warned that turmoil at Nvidia would create a headwind when Anthropic reports its first quarterly results.

“Can the AI narrative maintain? Can we keep doing this?”

Anthropic less dependent on Nvidia

Anthropic runs some models on Google's TPUs, Amazon's Trainium chips, and AMD's GPUs, as well as Nvidia's hardware. Anthropic has also reportedly been exploring building its own chips, reducing reliance on any single supplier.

Anthropic may gain from Huang's exit

Anthropic CEO Dario Amodei has long pushed for tighter controls on chip exports to China, putting him at odds with Huang.The AI lab has also clashed with Huang on AI regulation.