# Nvidia may anchor Anthropic's record IPO

> Anthropic is reportedly courting Nvidia for $10 billion in what could be the biggest stock listing ever recorded.
- Title: Nvidia may anchor Anthropic's record IPO · Pymnts | Shortify
- Summary: Anthropic is reportedly courting Nvidia for $10 billion in what could be the biggest stock listing ever recorded. The chip supplier funding the AI lab that…
- Keywords: anthropic, nvidia, ipo, ai funding, chips, business, finance, may, anchor, Anthropic's, record, Pymnts
- Source: Pymnts — https://pymnts.com/news/artificial-intelligence/2026/anthropic-could-land-nvidia-as-10-billion-ipo-investor
- Author: PYMNTS
- Published: 2026-09-13T23:09:08+00:00
- Read time: 1 min
- Topics: anthropic, nvidia, ipo, ai funding, chips, business, finance
## Nvidia in talks to anchor
Reuters reported Friday that Nvidia is weighing up to $10 billion as anchor investor in Anthropic's IPO. Terms are still being negotiated.
## A $2 trillion target
Anthropic aims to raise up to $100 billion at a valuation near $2 trillion, which would make it the largest IPO ever recorded.
## Timed before the midterms
The listing is projected to close before the November U.S. midterm elections. It follows SpaceX's $1.7 trillion listing in June.
## Supplier and customer, entwined
Anthropic runs Claude on Nvidia GPUs while building an in-house chip team and courting other compute providers. The money flows back to the vendor.

> the potential deal highlights the close relationship between top AI developers and hardware suppliers
## They already did this once
In November, Nvidia pledged up to $10 billion against Anthropic's $30 billion commitment to Nvidia-powered Microsoft Azure infrastructure.
## Revenue is doing the talking
Anthropic's annualized run rate passed $65 billion by July 2026, up from $9 billion at the end of 2025. Neither company has confirmed the talks.
## Key takeaway

The chip supplier funding the AI lab that buys its chips shows how tightly compute and capital are now bound together.