Nvidia discloses contracted value with Anthropic exceeds $180B

The figure includes a $35 billion compute contract with Lambda for 350 MW in Texas, a $45 billion, six‑year deal with Nscale for 460 MW in West Virginia, and other commitments that bring Anthropic’s total to about $175 billion. Nvidia also committed up to $10 billion equity in November 2025, with Microsoft adding $5 billion, and is negotiating to anchor $10 billion in Anthropic’s anticipated IPO, which could raise $100 billion at a $2 trillion valuation.

These commitments also tie Nvidia to supply and guarantee obligations that reached $279 billion and $108.5 billion in Q2 FY2027, underscoring the scale of its exposure. The disclosure highlights how chipmakers embed themselves in AI companies, creating circular financing and concentration risk, and shows Nvidia’s dominance in the AI infrastructure layer.