Anthropic readies $2 trillion Nasdaq IPO while launching Claude for financial advisors

Anthropic has picked Nasdaq for an initial public offering that could value the AI company at $2 trillion or more, the Financial Times reported on Sunday, in the same week Sam Altman told Fortune that OpenAI will stay private this year. The scale of the underlying growth is the part that makes the number arguable rather than absurd: second-quarter revenue rose 14-fold from a year earlier to $11.5 billion, annualized revenue reached $65 billion at the end of July from $9 billion at the end of 2025, and gross margins run above 80%.

Anthropic also reported a second consecutive quarter of positive adjusted operating income excluding stock-based compensation, which is the claim that separates this filing from most large AI listings. The caveat is transparency. The draft registration statement remains confidential, and the same analysis warns that pre-IPO information leakage makes it hard to assess the company's financial health with any precision. What is circulating publicly is secondhand: social-media summaries of a prospectus almost nobody has read.

In parallel, Anthropic launched Claude for financial advisors, wiring the assistant into investment analytics and wealth-management software. Peter Nolan, head of asset and wealth management at Anthropic, told WealthManagement the company is not trying to replace existing advisor tools, positioning Claude as a coordinating layer rather than a competitor to the incumbents. BlackRock is a named partner: Jaime Magyera, head of U.S. wealth and retirement businesses at BlackRock, framed the work as extending BlackRock's portfolio intelligence and asset allocation expertise to more advisors.

For public-market investors the immediate question is second-order, which is why coverage has focused on shortlists of listed companies positioned to benefit from an Anthropic debut, spanning chipmakers and AI platform providers. Those lists are speculative until pricing and allocation are known. The things worth waiting for are the public S-1, confirmed partnership disclosures, and the eventual order book, since a $2 trillion print would set the reference valuation for every private AI lab behind it.