CNBC host Jim Cramer has urged investors to look beyond Nvidia (NASDAQ: NVDA ) CEO Jensen Huang’s alleged extramarital affair , arguing it distracts from the most important market development: Anthropic’s initial public offering ( IPO ).
Posting on X on November 10, Cramer argued that Anthropic’s stock market debut is ‘the most consequential deal of our time’ and that as such it deserves far more attention than headlines about Huang’s love life.
“Hope we get past 24/7 Jensen today.. It’s obscuring Anthropic which is the most consequential deal of our time…” Cramer wrote.
Hope we get past 24/7 Jensen today.. It’s obscuring Anthropic which is the most consequential deal of our time…
— Jim Cramer (@jimcramer) November 10, 2026
Jim Cramer still in love with Anthropic
The Mad Money host has repeatedly emphasized the importance of the Claude developer’s IPO, arguing today that its success could determine whether artificial intelligence ( AI ) stocks can recover from their recent losses.
“Without it, I don’t see how the AI-related stocks can make a real recovery,” Cramer said on the November 10 Mad Money episode , two weeks after Anthropic filed its S-1 registration statement.
According to a Wall Street Journal report published the day prior, Anthropic is moving ahead with its IPO plans despite deteriorating market sentiment. In fact, the company is expected to meet with major investors this week and could start trading as early as next week.
What Anthropic’s IPO means for the AI industry
Cramer’s interest in Anthropic extends beyond the potential market debut itself, as he believes the company occupies a critical position in the AI investment ecosystem. In other words, the company is among the relatively small number of firms expected to generate sufficient revenue to justify its investments.
“Anthropic is important because it is one of just a few companies at the end of the food chain for all of the AI data center investments that we’ve seen,” Cramer explained.
However, Cramer also warned that if Anthropic cannot demonstrate that its business model is viable, the broader AI investment thesis could come under pressure. Anthropic’s valuation is also under scrutiny ahead of the IPO, and investor appetite appears to be weakening.
Most notably, Anthropic’s potential valuation reportedly reached as high as $2 trillion earlier this fall, but has since fallen to as low as $1 trillion following last week’s tech sell-off that accompanied U.S. midterm elections. Still, Anthropic’s debut could provide investors with a clearer indication of where the industry is heading, which is why Cramer believes it deserves all the attention.
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