Huang's exit puts extra pressure on Anthropic's IPO next week, investors tell Fortune

Nov 12, 2026
Nvidia has agreed to buy about $10 billion of Anthropic shares alongside the listing. Analysts expect the deal to go ahead but see tougher questions once Anthropic is public.

Jensen Huang's resignation as Nvidia CEO lands days before Anthropic's expected stock market debut, adding pressure to one of the most closely watched IPOs in years, Fortune reported. Anthropic is expected to list on Wednesday or Thursday next week, just after Nvidia reports quarterly results for the first time without Huang.

The two companies are closely tied. According to Anthropic's filings, Nvidia has agreed to buy about $10 billion of shares in a $26 billion private placement alongside the IPO, and Anthropic has committed tens of billions of dollars to Nvidia chips.

Investors and analysts told Fortune they do not expect the shock to hurt Anthropic's business or stop the listing. "It's such a massive IPO and there's so many people behind it now that they don't pull the IPO," said Seaport Research analyst Jay Goldberg, though he expects tougher questions when Anthropic reports its first quarterly results. Others noted Anthropic also runs models on Google, Amazon and AMD chips. One unnamed investor argued Anthropic could even benefit, since Dario Amodei has clashed with Huang over chip exports to China and AI regulation.

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