Nvidia and Google Each Plan $10 Billion Anthropic IPO Purchases

Anthropic set its IPO price range at $70 to $78 per share for 825 million shares, with Nvidia and Alphabet's Google each agreeing to buy approximately $10 billion of stock in a private placement at that price. The purchases are part of a $26 billion private placement from seven firms. Google's investment fulfills an option from a March 2026 financing agreement, while AMD's $2.5 billion counts toward a prior supply deal commitment; Nvidia's purchase has no such link in the filing. Anthropic's revenue surged to $33.2 billion in the first nine months of 2026, up from $2.5 billion a year earlier, while its operating loss narrowed to $1.3 billion. Nvidia, with $56.6 billion in cash, can easily afford the stake, which represents about 1% of Anthropic's expected outstanding shares.