According to CNBC, Anthropic is expected to debut on the Nasdaq on Thursday at an anticipated $70 to $78 per share, with Advanced Micro Devices, Broadcom, Google, Micron, Microsoft, Nvidia and Taiwan Semiconductor Manufacturing Company collectively investing $26 billion at the IPO price. The offering could raise more than $90 billion, in addition to Anthropic’s $132 billion in existing cash, including short-term investments. The company reported a net loss of $104 billion through the first nine months of 2026 and disclosed more than $900 billion in outstanding spending commitments, including at least $110 billion with Amazon over a decade and $400 billion with other companies for cloud capacity.