Anthropic IPO Filing Lifts Chips, but Valuation Doubts Split Wall Street
Anthropic's plan to sell shares to the public pushed Nvidia's stock up 2.4% on Monday. But investors already disagree about whether the company is worth the reported $2 trillion.
Anthropic plans to sell its shares on the Nasdaq stock exchange under the symbol ANT. Shares of Nvidia, Broadcom, and Micron also rose as the Nasdaq Composite index gained 0.8%. Some investors had already discussed valuing Anthropic at $1.5 trillion because its revenue was growing more slowly.
Who Could Benefit If Anthropic's IPO Is Valued at $2 Trillion?
CoreWeave, a company that rents out cloud computing power for AI, also saw its stock rise after weeks of losses linked to concerns about its debt.
Gil Luria, head of technology research at DA Davidson, named Amazon, Alphabet, and Broadcom as companies that could benefit from Anthropic's stock market listing.
Raj Joshi, a senior vice president at Moody's, said Anthropic's move into adjusted operating profit was a good sign for the AI industry. Paul Meeks, head of technology research at Freedom Capital, was not impressed by the 10% profit margin, although it was slightly better than he expected.
According to the filing, Anthropic earned $16.3 billion in revenue during the first half of the year. That was more than three times the $4.6 billion it earned during all of 2025.
Anthropic reported a net loss of $80.7 billion through June. Most of this loss came from a $72.4 billion non-cash charge linked to debt that can be turned into shares. This charge did not involve an actual cash payment. Luria said Anthropic's losses were small even after counting the cost of paying employees with shares.
Will Public Shareholders Have to Take the Risk?
A CNBC panel described ANT as a way for everyday investors to invest in AI without buying only chip stocks. The panel noted that Anthropic has 12,000 customers who each pay more than $100,000. Goldman Sachs data shows that individual investors account for just 9% of US stock trading, down from 15% late last year.
Nigel Green, CEO of financial advice firm deVere Group, told BeInCrypto that people who buy Anthropic shares could face the risk if the company spends more money than it earns.
Anthropic's cloud contracts require customers to spend at least a set amount. This means customers must still pay that amount even if they use less computing power than expected.
On Wednesday, the Federal Reserve will announce its latest decision, while Alphabet and Microsoft will report their earnings. Anthropic could begin trading as early as November 16.
The price of Anthropic's shares will test how much investors are willing to pay for AI companies. OpenAI, which is expected to wait until early 2027 before selling shares to the public, is aiming for a $1.25 trillion valuation in a funding round before its own stock market listing.
Read the original story Anthropic IPO Filing Lifts Chips, but Valuation Doubts Split Wall Street by Darryn Pollock at BeInCrypto.