Nvidia ($NVDA) Faces First Post-Jensen Huang Earnings Amid $1.8T Drop as Anthropic Targets $1.4T–$1.5T IPO

Two major artificial intelligence companies face pivotal milestones this week following contrasting November developments, with Nvidia ($NVDA) shedding $1.8 trillion in market value after CEO Jensen Huang's departure while Anthropic prepares for the second-largest IPO in history.
On Tuesday, Nvidia will report its first quarterly earnings under interim CEO Colette Kress and deliver its first quarterly guidance since Huang left:
- Wall Street expects roughly $109 billion in revenue, slightly ahead of Nvidia's $108 billion forecast.
- At least six firms downgraded $NVDA last Thursday, including Evercore, which lowered its price target from $465 to $186.
- Kress has projected roughly 70% revenue growth for the next fiscal year.
On Wednesday, Anthropic is scheduled to price its IPO to raise up to $64.4 billion:
- The offering is reportedly around six times oversubscribed, with bankers considering pricing that could value the company at $1.5 trillion or higher, above its $1.4 trillion target.
- On Hyperliquid, crypto traders are pricing $ANT near $101, roughly 30% above the $70 to $78 IPO price range.
- Nvidia is set to invest approximately $10 billion into Anthropic alongside the public offering.