Anthropic eyes higher value of $1.5trillion amid scramble for shares - but will crisis at Nvidia derail blockbuster float?

Updated: 02:00 EST, 12 November 2026 Anthropic’s value looks set to be boosted as investors scramble to apply for shares in the AI giant ahead of its blockbuster stock market listing.Bankers for the firm behind the Claude chatbot are said to be pushing for a $1.5 trillion price tag in its initial public offering (IPO) – up from a previous $1.26 trillion to $1.41 trillion target.And ‘grey market’ pricing at online trading platform Capital.com has risen from $1.3 trillion to $1.4 trillion in 24 hours.‘The rising pre-market valuation suggests investor appetite for AI remains resilient despite the recent technology sell-off,’ said Daniela Hathorn, senior market analyst at Capital.com. Reports of strong interest in the IPO – which is expected next week and offers Britain’s armchair investors the chance to take part with a minimum buy-in of £250 – came as US tech stocks bounced back following last week’s brutal sell-off.Nvidia shares rose 3 per cent on Wednesday, having shed 10 per cent of their value in just two days after boss Jensen Huang admitted cheating on his wife with a suspected Chinese spy.But they look set to tumble when trading resumes in New York on Thursday amid reports the Nvidia board is preparing to oust Huang over an alledged string of affairs.Bankers for Anthropic, which is behind the popular Claude chatbot, are said to be pushing for a $1.5trillion IPO price tag - more than the $1.26trillion to $1.41trillion previously targetedNvidia shares fell more than 8 per cent in pre-market trading - wiping another $360 billion off its value. That takes losses this week to $640 billion or 14 per cent.And the company has shed around $2 trillion of value since its peak on October 6.The chipmaker’s board has hired New York lawyers Wachtell, Lipton, Rosen & Katz to investigate, and the FBI is examining whether Huang, 63, was targeted by a foreign intelligence operation.Republican senator Kevin Cramer, who is on the US Senate banking committee, called on Huang to step down as chief executive – a move experts believe could knock another 30 per cent off Nvidia’s value.‘The potential for extortion is so tremendous that I just think he’s got to go,’ said the senator.Beyond the crisis at Nvidia, Anthropic bankers are optimistic about the IPO, with bumper results from cloud computing group CoreWeave helping to lift the mood among AI investors.Chris Weston, head of research at Pepperstone, said Anthropic still looked on course for a value of around $1.5 trillion when it lists on Thursday next week. Nvidia boss Jensen Huang admitted to cheating on his wife with a suspected Chinese spy‘One of the more telling developments is how little Nvidia's leadership crisis has affected pricing in Pepperstone's Anthropic pre-IPO market,’ he said.‘Sentiment towards the broader AI trade had improved markedly following CoreWeave's encouraging commentary on compute demand, customer prepayments and financing conditions.‘The bigger question is whether Nvidia's leadership crisis changes that appetite. Assessing Pepperstone's Anthropic pre-IPO pricing, there's little evidence of that so far.‘If Nvidia's leadership crisis were genuinely undermining confidence in the entire AI investment cycle, we'd expect a far more aggressive repricing of Anthropic's implied debut. That simply hasn't happened yet.’Referring to Anthropic’s rising value, Hathorn said: ‘Strong IPO demand doesn't necessarily resolve the broader concerns about AI profitability. Anthropic's rapid revenue growth is impressive, but its substantial infrastructure commitments mean investors will be watching whether that growth can translate into sustainable returns.‘The IPO could become an important test of sentiment across the AI sector. A successful listing may help restore confidence, but with expectations rising before trading even begins, the risk of disappointment is also increasing.’‘The potential for extortion is so tremendous that I just think he’s got to go,’ said the senator.DIY INVESTING PLATFORMSAJ BellAJ BellEasy investing and ready-made portfoliosHargreaves LansdownHargreaves LansdownFree fund dealing and investment ideasinteractive investorinteractive investorFlat-fee investing from £4.99 per monthFreetradeFreetradeInvesting Isa now free on basic planTrading 212Trading 212Free share dealing and no account feeAffiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.Compare the best investing account for you