Explainer

Can Anthropic's trillion-dollar valuation hold up in the market?

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Anthropic, maker of the Claude chatbot, is aiming for a valuation of up to 1.4 trillion dollars when it lists on the Nasdaq, with shares sold within a set price range.

$1.4tn

Valuation at top of rangeSource: RTE.ie · 11.11.2026

Revenue is climbing fast, but the company has not yet turned a profit. The Financial Times reports it made a net loss of 104 billion dollars over the first nine months.

$104bn

Net loss, first nine monthsSource: Financial Times News · 11.11.2026

Kevin S. Xu of Interconnected Capital says: Nvidia and Anthropic's future are more intertwined than ever before. Eldiario.es flags circular financing, where chip suppliers invest in AI labs that then buy their chips, as a risk analysts watch.

“Nvidia and Anthropic's future are more intertwined than ever before.”

Kevin S. Xu

Anthropic filed confidentially in June, and the market will price the stock against its seventy to seventy-eight dollar range when trading starts on November 19.

Next: trading start
  1. June 2026Confidential IPO filing
  2. 19 NovemberComing upShares start trading

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The story

Anthropic sets $70 to $78 IPO price range, targeting valuation of up to $1.4 trillionRead the article

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