Nvidia Stock Rises Amid Anthropic's Potential $2T IPO

Key Insights

• Nvidia stock reached its highest level since June amid renewed AI-sector strength.
• Anthropic investors reportedly expect an IPO valuation exceeding $2 trillion.
• Nvidia could gain indirectly through Anthropic’s continued AI infrastructure spending.

Nvidia stock extended its rebound as investors assessed another potential catalyst from the artificial intelligence sector. NVDA traded around $220, continuing its recovery from July lows.

The move coincided with reports that Anthropic investors expect a valuation above $2 trillion. The Financial Times reported that the Claude developer could pursue an initial public offering in October.

However, Anthropic has not publicly confirmed the reported $2 trillion valuation target.

Anthropic, the creator of Claude, has become one of the fastest-growing companies in the world. Launched a few years ago, it was recently valued at $900 billion, benefiting some of its earlier investors like Amazon.

Now, according to the FT, the company is considering launching an IPO valuing it at $2 trillion later this year. That will be more than double the $900 billion it was valued at in the last fundraising round.

Such a move would benefit Nvidia since it was one of its earliest investors. It committed to investing $10 billion in the company. If it hits a $2 trillion valuation, this investment would be worth much more than that.

The IPO will also benefit Nvidia in other ways. For example, the company will raise billions of dollars in its IPO. The firm will use it to expand its data center presence. Anthropic has increased its usage of Nvidia chips in training its GPUs recently.

Additionally, a $2 trillion valuation means that OpenAI will also see its valuation jump and possibly cross the $1 trillion mark. Nvidia invested in OpenAI recently at an $850 billion valuation.

According to FT, Anthropic’s business is booming. Its annualized revenue is expected to be between $100 billion and $120 billion by the end of the year. This figure is a sign that the company is growing by over 800% a year, and this trend may continue.

Still, Anthropic faces some major challenges. One of them is the ongoing Kimi and DeepSeek growth. These Chinese models have become highly competitive, with some of them selling for extremely low prices.

Nvidia stock has also jumped after the company launched Nemotron 3.5 Lightning, its new lightweight open-source model that can run on a single graphics processing unit on a PC.

The new launch came a few weeks after Jensen Huang made the case for open-source models as fears of Chinese rivals continued. A growth in open-source models would be a good thing for Nvidia because they will also need to run on GPUs. Also, the lower prices can serve to boost usage over proprietary models from companies like Anthropic.

The new launch shows that Nvidia is continuing to innovate. For example, it has already launched its new CPUs, which will compete with those made by companies like AMD and Intel. Nvidia is the third-largest Intel shareholder.

And this week, the company unveiled a $500 billion funding deal with the top financial services firms. These firms will provide funds to its clients, including neoclouds, to buy its chips. In other words, Nvidia has convinced these companies to take its GPUs as an asset class.

The daily chart shows Nvidia stock rebounded strongly from its July lows. NVDA has moved above the $214 resistance area after several earlier tests.

The stock also remains above its 200-day exponential moving average. That level has provided technical support during the latest recovery.

NVDA has also formed a bullish flag structure on the daily timeframe. A sustained breakout could place the previous record near $236 back in focus.

A break above $236 could shift attention toward the psychological $250 level. Conversely, losing $214 would weaken the current technical setup.

Nvidia’s upcoming earnings will provide the next fundamental test for the rally. Investors will watch revenue growth, AI infrastructure demand and management’s outlook for customer spending.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Stock markets can be volatile. Readers should conduct independent research or consult a licensed financial professional before making investment decisions.

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