Wednesday 11 November 2026
Top stories today:
NVIDIA -5% as firm hires ex-U.S. attorney to probe alleged spy ties
Anthropic launches IPO roadshow at $1.4T valuation
Claude Whiteboards, Sheets, Data debut to take on Microsoft, Google
OpenAIโs Q3 revenue +49% as adjusted operating losses widen
CoreWeave Q3 revenue +168% YoY, sales backlog hits $132.5B
0. Data & Calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayโs newsletter (beware of hallucinations):
1. NVIDIA -5% as firm hires ex-U.S. attorney to probe Jensen Huangโs alleged spy ties
Ex-U.S. attorney Joon H. Kim and Wachtell Lipton were hired to probe Huangโs ties to an alleged Chinese spy.
The chances of Congress imposing chip export restrictions this year are said to have risen significantly following the revelations.
At least since 2023, Jensen Huang and Alice Huang have reportedly been in a relationship.
Chinese companies are alleged to have facilitated $7.5B+ in NVIDIA chip shipments since 2023.
The Commerce Department reportedly left Megaspeed off an export restrictions list despite four other U.S. agencies pushing for its inclusion.
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3. Anthropic launches IPO roadshow to raise up to $64B at $1.4T valuation, bankers said to eye $1.5T+
Bankers reportedly expect to raise Anthropicโs IPO share price above $70-$78, potentially lifting its valuation to $1.5T+.
NVIDIA plans to invest ~$10B in Anthropic post-IPO, accounting for ~10% of its expected Nov. fundraising, per S-1.
Anthropic revenue could hit ~$52B in 2026 and $600B+ by 2030, with positive free cash flow by then, Goldman Sachs estimates.
Its 7 co-founders plan to sell $1.75B in shares in next weekโs IPO, per S-1.
Anthropic has also opened its Australian retail IPO offering ahead of its planned Nasdaq listing.
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5. Claude Whiteboards, Sheets, Data debut as Anthropic takes on Microsoft, Google in office tools
A video call assistant is part of the new tools.
Claude Sheets resembles Microsoft Excel and Google Sheets, but with Anthropicโs AI built in.
The tools are available via Claude on web, desktop, and mobile.
Microsoft shares -3% following the announcement before recovering to close down 2%.
A way for companies to embed their existing apps within Claude has also been introduced by Anthropic.
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7. OpenAIโs Q3 revenue +49% to $10B as adjusted operating losses widen to $10.9B
