Nvidia weighs $10 billion stake in Anthropic IPO delayed to November

By Splitfeed EditorialLast updated Sep 26, 2026, 21:10 UTC

Anthropic's IPO, originally expected earlier in 2026, has been pushed back to November. Nvidia is reported to be weighing a $10 billion stake in that offering, a figure that would make it one of the more significant anchor investments in the deal. Alphabet has already marked the value of its existing Anthropic stake at $124 billion, and if Anthropic's IPO proceeds at a reported valuation of around $2 trillion, that figure could roughly double on paper. The sequence, reported across late September 2026, places Anthropic among the most expensively valued private companies ever to approach public markets.

The Nvidia angle carries a specific structural tension that goes beyond the headline number. Nvidia sells the chips that Anthropic uses to train and run its models, so a $10 billion stake would mean the chipmaker is directly financing a customer's growth, which in turn generates more demand for Nvidia's own hardware. Whether that constitutes a savvy vertical alignment or a circular arrangement that inflates valuations without adding independent economic value is the core dispute animating investor and critic commentary. The delay to November adds a separate question about whether market conditions, regulatory scrutiny, or internal Anthropic factors drove the change in timeline.

The anti-AI camp has responded sharply. The account factsforu.bsky.social described Nvidia as running what it called the biggest pyramid Ponzi scheme in history, framing the investment loop as inherently unstable. The account sctideprince.bsky.social drew a comparison to the Sackler family and OxyContin, arguing that Nvidia's chips are enabling harmful AI development regardless of how the company characterizes their use. Futuristgerd.com quoted a German proverb about eating someone's bread and singing their song, suggesting Nvidia's independence from political and commercial pressures is compromised. The account 4-shadows.bsky.social called the arrangement an example of what it termed Totalitarian Capitalism. No pro-AI or middle ground reactions have been published yet, but the pro-AI camp would typically argue that deep-pocketed anchor investors like Nvidia validate the technology's long-term commercial prospects, while the middle ground would likely focus on whether the valuation can be justified by Anthropic's actual revenue trajectory.

The most concrete thing to watch is the November IPO itself, specifically the price at which Anthropic comes to market and whether Nvidia's stake is confirmed at or near the reported $10 billion figure. Alphabet's reported $124 billion internal valuation will also be tested against whatever pricing the public markets set.