Nvidia earnings and the Anthropic IPO put the AI trade to the test this week
Nvidia reports on November 17 with shares 30% off their peak, and Anthropic plans to price its Nasdaq IPO on November 18. What to know and our numbers.
The coming week is a big one for anyone with money in AI. Nvidia reports quarterly results on Tuesday, November 17, with its stock down more than 30% from its October peak, and Anthropic plans to price its long-awaited IPO a day later.
What happened
- Nvidia's bar is high. Analysts expect revenue near $109 billion, up about 91% from a year earlier, and adjusted earnings of $2.47 per share. The company itself guided to about $108 billion and has beaten the top of its own forecast for 14 quarters in a row.
- Margins are the worry. Nvidia expects gross margin of about 74%, and warned it could slip to 71–72% next quarter because memory chips are getting more expensive.
- Anthropic's IPO. The Claude developer set a range of $70–78 per share for its Nasdaq listing under the ticker "ANT", with pricing planned for November 18 and trading from November 19. At the top of the range the deal would raise about $64 billion.
- Nvidia is a buyer too. Nvidia and Google are each set to buy about $10 billion of Anthropic stock at the IPO price.
Our numbers
Nvidia closed Friday at $162.85. Someone who put $10 a day into Nvidia for the last 5 years would now hold $67,566 (+267%) on $18,410 invested. AI crypto tokens have had a much harder time: Bittensor trades at $190.50, about 75% below its March 2024 peak, and Render at $1.38, around 90% below its high. Follow AI stocks and tokens in one place on our AI page, or test them against the S&P 500 in the DCA calculator.
Sources
- The Motley Fool — Nvidia reports earnings on Nov. 17: what investors should be watching
- Decrypt via Yahoo Finance — Anthropic sets IPO price range at $70 to $78
Not investment advice. WhatIfStack articles are prepared with the help of AI tools, including Anthropic's Claude.