Anthropic filed a confidential initial public offering with the Securities and Exchange Commission on June 1, 2026. The company, valued at $965 billion, reported a revenue run rate of $47 billion — up from $10 billion just one year earlier. It's the first major AI lab to pursue a public listing in this cycle.
Three AI giants head for public markets in 2026
Anthropic's filing comes as three major AI conglomerates — including OpenAI and SpaceX — are expected to go public during 2026, according to market observers. Dan Ives, an analyst who named NVIDIA, AMD, Micron, Microsoft, and Oracle as his top five AI stocks to watch, described the tech sector as being in the first hour of the third inning of the AI supercycle.
The chip cycle behind the AI boom
Ives called NVIDIA the 'Godfather of AI' and estimated that every dollar spent on an NVIDIA chip generates an $8 to $10 multiplier across the rest of the tech sector. He also described the current chip cycle as a memory supercycle benefiting Micron. Separately, Jim Cramer praised NVIDIA's new RTX Spark chip, which aims to bring AI capabilities to laptops and desktops.
An unverified tale of fund allocations
One unverified anecdote making the rounds claims that a general partner at a prominent fund had dinner with Anthropic CEO Dario three times before their allocation was slashed to zero. The same rumor says at least four tier-one funds were pulled at the last minute. Neither the funds nor Anthropic have commented.
The confidential filing means the public won't see the full prospectus until closer to the planned listing. Investors and analysts are watching to see how the company's rapid revenue growth and high valuation will be received in a market that has already seen significant AI-driven rallies.
