Anthropic targets Microsoft and Google with new office tools ahead of IPO

Microsoft briefly became the world's second-most valuable company, overtaking Nvidia amid a 6% share drop. Nvidia's CEO, Jensen Huang, is under scrutiny for a reported relationship with a Chinese businesswoman and potential foreign intelligence involvement. Nvidia's board launched an independent investigation, denying national security concerns. Microsoft shares dipped 0.4% to $543.25, while Nvidia traded at $167.11.

Microsoft (MSFT) briefly became the world's second-most valuable company, surpassing Nvidia (NVDA) after Nvidia's shares fell 6% due to CEO Jensen Huang's affair. Microsoft reported $92.3B revenue, up 19%, with Azure growing 48%. Nvidia faces a $470B market-value loss and leadership concerns.

Anthropic launched an office suite with AI tools, including Claude Sheets, aiming to expand its user base beyond software engineers. The company reported a $81 billion annualized revenue run rate and targets a $1.4 trillion valuation for its upcoming IPO. Microsoft shares fell 3% following the announcement.

Microsoft surpassed Nvidia as the second-most valuable public company on Nov. 10, 2026, with shares at $543.25, while Nvidia's dropped over 6% to $167.11. Nvidia's valuation is tied to AI-chip demand expectations, and an investigation into CEO Jensen Huang adds pressure. The shift in rankings highlights sensitivity to investor sentiment.

Alphabet (GOOG), Nvidia (NVDA), Microsoft (MSFT), Broadcom (AVGO), AMD, Micron, and TSMC will invest $26B in Anthropic's IPO, alongside a $64.4B public offering. These companies also supply Anthropic, creating a circular financial relationship. Broadcom has the largest exposure, with $161B in commitments versus $63.9B in 2025 revenue. The buyers face no lockup period, allowing them to sell shares post-IPO.

Microsoft and the ITI are lobbying against a potential FCC ban on Chinese optical transceivers, citing supply shortages and data center rollout delays. Chinese firms supply 66% of the global market, and only two U.S. companies produce the needed transceivers. The FCC is considering the ban due to national security concerns, with a possible compromise to only ban high-speed transceivers.