Nvidia, Alphabet and AMD to buy $26 billion of Anthropic stock alongside its Nasdaq IPO
Anthropic's amended filing shows seven companies, including Nvidia and Alphabet at about $10 billion each, have agreed to buy $26 billion of shares at the IPO price. The offering is priced at $70 to $78 a share on Nasdaq under the ticker ANT.
Anthropic's amended registration filing has revealed that seven companies have agreed to buy a combined $26.0 billion of its shares in a private placement that closes just after its initial public offering. The shares will be sold at the IPO price.
The offering covers 825 million shares in a range of $70 to $78, with a $74 midpoint, and will list on Nasdaq under the ticker ANT. At the midpoint that implies roughly $61 billion raised from the public offering alone, by our own arithmetic.
Nvidia is named for about $10 billion, or roughly 135 million shares at $74, in non-voting Class N stock. Alphabet also takes about $10 billion, which uses up in full an option under a March 2026 financing agreement. AMD is down for $2.5 billion, counted towards a $5.0 billion stock-purchase commitment tied to a July 2026 supply deal.
The placement is subject to conditions, including approval by Anthropic's stockholders. The filing does not say whether Nvidia's purchase draws on the investment of up to $10 billion it pledged in November 2025.
Why it matters
The buyers are also Anthropic's suppliers. Chip makers and a cloud provider are recycling revenue into the customer that buys their hardware, a pattern investors will watch closely as AI valuations are tested.
It also shows how a single lab is hedging across Nvidia, AMD and Google silicon, which weakens the idea of one default accelerator for frontier training.
Indicops view
For Indian enterprises and government buyers, the lesson is supplier concentration risk in reverse: model vendors now depend on several chip partners, so contracts should specify model availability, data residency and price protection rather than assume a single hardware stack. Procurement teams should keep at least two model providers qualified.
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