I went over the list of investors putting $26 billion into Anthropic twice.
Google, Nvidia, AMD, Broadcom, Micron, Microsoft, and TSMC.
Basically, it’s the same circle of suppliers Anthropic has to pay every year for computing power, chips, and cloud services. This private placement is happening alongside the IPO, and the shares being bought are Class N shares with no voting rights. The public offering is for 825 million shares, priced between $70 and $78. At the top of the range, it could raise over $64 billion, putting the fully diluted valuation at around $1.4 trillion.
Suppliers invest in their big customer, and the customer takes that money and turns around to buy the suppliers’ products. The market was pretty receptive to this cycle before, but now that AI capex is being questioned every day, everyone’s first reaction is: is this money just going around in a circle and coming back? 🫠
The timing is pretty neat, too. Nvidia reports after the market closes next Tuesday, pricing is set Wednesday, and it lists on Nasdaq Thursday under the ticker ANT.
Crypto investors shouldn’t think this has nothing to do with them. Pulling $60–70 billion in cash out of the market in a single week matters when BTC is just above $67,000 and spot ETFs have had net outflows this year. Risk appetite is all part of the same pot. If ANT falls below its IPO price on day one, high-beta names in both AI and crypto will probably get hit together.
If it doubles right out of the gate, that’s a whole different story.
#Anthropic #美股IPO #英伟达财报 $NVDA $BTC
Google, Nvidia, AMD, Broadcom, Micron, Microsoft, and TSMC.
Basically, it’s the same circle of suppliers Anthropic has to pay every year for computing power, chips, and cloud services. This private placement is happening alongside the IPO, and the shares being bought are Class N shares with no voting rights. The public offering is for 825 million shares, priced between $70 and $78. At the top of the range, it could raise over $64 billion, putting the fully diluted valuation at around $1.4 trillion.
Suppliers invest in their big customer, and the customer takes that money and turns around to buy the suppliers’ products. The market was pretty receptive to this cycle before, but now that AI capex is being questioned every day, everyone’s first reaction is: is this money just going around in a circle and coming back? 🫠
The timing is pretty neat, too. Nvidia reports after the market closes next Tuesday, pricing is set Wednesday, and it lists on Nasdaq Thursday under the ticker ANT.
Crypto investors shouldn’t think this has nothing to do with them. Pulling $60–70 billion in cash out of the market in a single week matters when BTC is just above $67,000 and spot ETFs have had net outflows this year. Risk appetite is all part of the same pot. If ANT falls below its IPO price on day one, high-beta names in both AI and crypto will probably get hit together.
If it doubles right out of the gate, that’s a whole different story.
#Anthropic #美股IPO #英伟达财报 $NVDA $BTC