Anthropic's S-1, filed Monday, shows $2.08 of revenue per dollar of compute, up from $0.40 a year earlier, according to an analysis Gavin Baker endorsed. Baker argues that cheaper tokens raise total compute spending, which supports demand and pricing for Nvidia's GPUs; Social Capital puts H100 rental prices up 45% since December. Anthropic posted GAAP operating income of $974 million in the second quarter, and Nvidia has invested $10 billion in the lab. Analysts expect Nvidia's revenue to grow from $215.9 billion in fiscal 2026 to $692 billion in fiscal 2028, though gross margin is expected to dip to 71% to 72% in the January 2027 quarter as memory costs rise. The stock trades at 18x forward earnings versus a three-year average of 30x, ahead of its Nov. 17 report.
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NVDAAnthropicartificial intelligencevaluationdata centers
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NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/29/2026 | 213.72 |
| Change that session | -0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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