Daily newsletter · Tue 27 Oct 2026
Anthropic filed to list on the Nasdaq, and chip stocks rallied on its numbers
Anthropic filed its prospectus with the US Securities and Exchange Commission on Monday. It plans to list on the Nasdaq under the ticker ANT, with Goldman Sachs and Morgan Stanley leading the offering.
The revenue is what got the market's attention. Anthropic took in US$16.3 billion in the six months to June, up from US$1.2 billion a year earlier. In the whole of 2025 it made US$4.6 billion.
The June quarter was its first with an operating profit, of US$974 million.
The headline loss looks alarming. Anthropic lost US$80.7 billion in the half, but about US$72 billion of that is an accounting charge with no cash attached. It comes from the rising value of the instruments it used to raise money.
Chip investors cared about the spending. Anthropic put about US$9 billion into computing infrastructure in the first half, and much of that ends up with chipmakers. Nvidia rose 2.39% to US$216.00, and Micron gained 2.98% to US$903.70.
the prospectus is the first time outsiders can check Anthropic's revenue against its costs. One profitable quarter is a start. I'd want to see a few more before treating Monday's chip rally as anything other than relief.
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