#美股财报季 #WCTCS9 #每周来晒 #Gate股票畅聊季 Nvidia + Anthropic! AI investment faces a new round of scrutiny

#美股财报季 #Gate股票畅聊季 Nvidia + Anthropic! AI Investment Faces a New Round of Tests

After sharp volatility in U.S. tech stocks last week, Anthropic’s IPO valuation has once again become a focus. According to Sina Finance, some potential investors are discussing a valuation of $1.2 trillion–$1.3 trillion, below the earlier expectation that it could reach as high as $2 trillion. Potential investors are questioning whether the company can begin its roadshow during the week of November 9 as planned and complete its listing in November.
Nvidia is also drawing fresh attention. On November 9, Nvidia shares fell more than 3% in U.S. after-hours trading. Sina Finance reported that Jensen Huang had admitted to an extramarital affair and apologized, and that Nvidia’s board had launched an investigation. With the November 17 earnings report approaching, the market is also watching for further developments in corporate governance.
Funds are still flowing into AI, but investors are starting to scrutinize two questions more closely: How long can rapid growth continue? And what returns can large-scale compute investments deliver? Wind Alice can help break down both questions: use the “IPO Prospectus Analysis” Skill to understand the growth and investment disclosed by Anthropic, then use “Market Monitoring Expert” to set an alert for Nvidia’s November 17 earnings report, so research can automatically pick up when the next key data is released.

IPO valuation under renewed discussion; market begins focusing on growth quality
Anthropic had previously been expected to go public around Thanksgiving. Recent volatility in the AI sector has led some potential buyers to reassess its valuation. Sina Finance reported that investors are discussing a valuation of $1.2 trillion–$1.3 trillion, while some are considering lower levels. These are still investor inquiries and discussions, not the final IPO offering valuation.
Meanwhile, OpenAI’s fundraising is still underway. Sina Finance reported that the company has completed approximately $11 billion in new funding, with additional funds expected to arrive over the coming weeks, and that the total round could reach up to $20 billion. Attention on the two leading model companies is shifting from technical capabilities and market share toward revenue quality, compute costs, and long-term funding arrangements. Public markets are beginning to ask more detailed questions about AI commercialization, making the prospectuses of companies about to go public all the more worth reading.

Opening Anthropic’s prospectus: What else does it reveal beyond rapid growth?
Anthropic’s latest amended prospectus discloses revenue of $33.242 billion in the first nine months of 2026, up 1206% year over year. These figures demonstrate the rapid expansion in demand for enterprise AI services and provide direct grounds for market discussions about the pace of its commercialization.
The same document also discloses that the company’s signed purchase commitments and lease arrangements total approximately $895.4 billion, the vast majority related to compute and infrastructure. These commitments span multiple future years and should not be simply interpreted as $895.4 billion already spent in the current period.

The next important answer: Nvidia’s November 17 earnings report
Anthropic’s prospectus addresses growth and investment at a model company. Whether demand for AI infrastructure can continue to materialize will have another important checkpoint: Nvidia’s third-quarter fiscal 2027 earnings report. Nvidia has officially confirmed that it will release results after the market closes on November 17, U.S. Eastern Time, corresponding to the early morning of November 18 Beijing Time. The company’s official announcement should be treated as definitive.
Previously, earnings reports from major tech companies including Alphabet, Microsoft, Amazon, and Meta have gradually provided clues about AI investment. Nvidia’s upcoming data center performance, gross margin, guidance for the next quarter, and management’s assessment of supply and demand will help further test how much of this round of AI capital expenditure is actually materializing.

Connecting the two research efforts is key to understanding AI investment and returnsAnthropic’s IPO filing presents revenue growth in the AI application layer and long-term demand for compute; Nvidia’s earnings report will continue to provide operating data on the chip and compute supply side. Comparing the two documents can give the market a more solid basis for assessing AI commercialization and capital expenditure.