Claude AI maker Anthropic has reportedly selected Nasdaq for its potential initial public offering (IPO), ahead of its targeted October listing.
If the reports come true, it would be another major win for Nasdaq, which earlier in 2026 secured the coveted SpaceX listing.
SpaceX’s Nasdaq debut valued the company at USD 1.75 trillion. According to estimates from Business Insider, Anthropic is attempting to surpass the USD 2 trillion milestone.
Anthropic is also in talks to bring chip major Nvidia as an anchor investor into the IPO, raising the stakes further.
While Anthropic is seeking to raise as much as USD 100 billion, which could value the AI startup at around USD 2 trillion, Nvidia is considering investing up to USD 10 billion in the IPO, as per Reuters.
Nvidia’s potential involvement in the IPO would give Anthropic an early strategic backer for the outsized offering while further deepening ties between the chipmaker and one of its major customers.
Anchor investors are typically institutional investors that commit to buy a set portion of an IPO before it is marketed more broadly, providing an early vote of confidence in the shares.
Anthropic, whose CEO Dario Amodei has hit the headline for propagating close coordination between the government and frontier AI developers to make the technology safe, is following the prevalent practice for mega IPOs, in which companies line up early institutional commitments, given the large amounts they seek to raise.
Nvidia, along with Amazon, was also British chip designer Arm’s anchor investor.
Anthropic relies heavily on Nvidia GPUs while also seeking to diversify its chip suppliers as demand for Claude has strained its available computing capacity.
In November 2025, Nvidia made public its plans of investing up to USD 10 billion in the AI startup as part of a broader partnership under which Anthropic committed to buy USD 30 billion of Microsoft Azure computing capacity powered by Nvidia chips.
Big Tech has already invested in Anthropic, with Amazon and Google becoming the AI start-up’s primary computing suppliers.
In April 2026, Anthropic decided to commit more than USD 100 billion over a decade to Amazon’s AWS while using well over one million of Amazon’s Trainium2 chips.
The venture has also agreed with Google and Broadcom to add multiple gigawatts of TPU capacity.
While Anthropic has seen revenue surge, it is still facing shortfalls in its computing capacity. To deal with this, it is working to gain greater control over its hardware costs by forming an in-house team to design customised chips for Claude AI.
Anthropic in May 2026 raised USD 65 billion at a post-money valuation of USD 965 billion.
Its annualised revenue run rate had climbed above USD 65 billion by the end of July, up from about USD 9 billion at the end of 2025.