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Original headline: Jim Cramer Says Nvidia Would Be Criticized for Broadcom’s Anthropic Deal. Here’s Why
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Keywords
NVDAsemiconductorsartificial intelligenceAnthropic
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/26/2026 | 216.00 |
| Change that session | +2.39% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Asia chipmaking, AI stocks surge on Anthropic IPO cheer
Chip and AI stocks in Asia rallied on Tuesday after Anthropic filed for an IPO, reviving hopes for AI demand. By 03:25 GMT, Samsung Electronics (KS:005930) rose 4% and SK Hynix Inc (KS:000660) climbed 6%; in Japan, Tokyo Electron (TYO:8035) gained 3%, Advantest Corp. (TYO:6857) jumped nearly 10% and SoftBank Group (TYO:9984) rose more than 6%. In Hong Kong, SMIC (HK:0981) added 0.8% and Hua Hong Grace Semiconductor (HK:1347) rose over 2%. Overnight on Wall Street, Nvidia (NASDAQ:NVDA) gained 2.4%, Micron Technology (NASDAQ:MU) rose 3% and CoreWeave (NASDAQ:CRWV) climbed nearly 6%. Anthropic, maker of the Claude chatbot, disclosed rapid revenue growth alongside steep losses in its IPO filing on Monday, highlighting both the commercial potential of generative AI and the high cost of developing advanced models; markets now await this week's results from major U.S. tech companies to see whether AI investment is turning into sustainable profits.
- Anthropic IPO Filing Lifts Chips, but Valuation Doubts Split Wall Street
- Nvidia Stock Is 10% Below Its Record. Does Anthropic's IPO Filing Make It a Buy?
Anthropic's IPO filing shows it has agreed to pay up to about $206 billion to rent computing power built on Nvidia chips from three providers, including up to $120.5 billion with SpaceXAI, around $44.6 billion with Nscale and about $41.3 billion with Lambda. These are cloud rental contracts rather than chip orders, and rent also covers buildings, power, financing and provider profit, so Nvidia's portion is likely much smaller; commitments to Google and Broadcom alone total about $276 billion. Nvidia's data center revenue reached $89.0 billion in fiscal Q2 2027, more than double a year earlier, and the author argues its growth does not rest on any one lab. At around $216, Nvidia stock trades at about 14 times expected fiscal 2028 earnings per share; the author says they would consider investing at that level, though the filing does little to strengthen that case by itself.
- CoreWeave and other AI stocks rise as Anthropic restores the market’s faith in sustained spending
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- Anthropic Just Filed to Go Public. Should You Buy the Stock?
Anthropic publicly filed its S-1 on Monday and is set to list next month, earning revenue from subscriptions and usage-based token fees, with its Claude Code platform cited as the key driver of growth. The filing's risk section runs more than 90 pages, ranging from the potential to 'destabilize the geopolitical order' to technology exceeding the ability of 'humans to understand and control.' Revenue reached $16.3 billion in the first half of 2026, about 14 times the same period a year earlier and three and a half times its full-year 2025 revenue. The $80.7 billion first-half net loss includes a non-cash accounting charge of $72.4 billion; excluding it, the net loss is $8.3 billion, the operating loss narrowed from $2.1 billion to $693 million, and Q2 posted a $974 million operating profit. The author says he will pass on the IPO, citing concerns that Anthropic may lack a durable moat as AI models become commodities, pressuring prices while the company keeps spending heavily on its next model.
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