Anthropic's prospectus discloses mixed use of four types of chips, potentially weakening Nvidia's compute pricing power

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A matter of computing power pricing power! Nvidia's biggest nightmare is hidden in Anthropic's prospectus

Cailianshe Bian Chun | Editor: Lin Qi 2026-10-28 11:19

① Top US AI lab Anthropic is using multiple chips to develop its business; ② Analysts point out that this flexibility may gradually reduce large AI companies' dependence on Nvidia and strengthen their bargaining power, thereby weakening Nvidia's pricing power.

Cailianshe, October 28 (Editor: Bian Chun) — Top US AI lab Anthropic is using multiple chips to develop its business — a diversified strategy that could ultimately weaken Nvidia's dominance in the AI computing power sector.

In the S-1 prospectus published on Monday, Anthropic said it "integrates computing resources from multiple strategic partners into a unified, flexibly allocatable pool," and uses software technology to flexibly allocate tasks based on the performance advantages of each chip in different scenarios.

Anthropic said it uses four types of chips to train Claude and provide related services: Amazon Trainium, Google TPU, Nvidia GPU and AMD GPU.

Nvidia's pricing power may be weakened

"What could really be affected is Nvidia's pricing power, because a customer that can shift tasks across four platforms is in a completely different negotiating position from one that cannot," said Patrick Moorhead, founder and CEO of Moor Insights & Strategy.

IDC analyst Ashish Nadkarni said the multi-chip strategy can also make Anthropic less susceptible to fluctuations in Nvidia's chip supply.

Anthropic is not the only leading AI company diversifying its computing power supply. According to the latest media reports, OpenAI plans to purchase Google AI chips. The financial terms and other details of the purchase are not yet clear. OpenAI has long been one of Nvidia's most important customers, and Nvidia has also invested tens of billions of dollars in the startup.

Breaking Nvidia's dominance is not easy

Moorhead said that although Anthropic's mixing of multiple chips is not new in itself, the company is now pitching it to investors as a core advantage.

Moorhead also noted that Anthropic is still continuously investing heavily in Nvidia's computing power.

Gil Luria, head of technology research at D.A. Davidson, said that while major companies like OpenAI may adopt a multi-chip strategy, for smaller companies, devoting so many resources to this is not worth it.

Brad Gastwirth, global head of research and market intelligence at Circular Technology, said Anthropic's strategy will not pose a major threat in the short term. He pointed out that having more chip options does not eliminate Nvidia's advantages in performance, networking and software.

Citadel CEO Ken Griffin has warned that if supply exceeds demand, it could lead to a decline in computing power rental prices. "The marginal cost of running a GPU is very low, just like airlines. Once there is overcapacity, prices will go into free fall," Griffin said last week.

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Cailianshe statement: The content of this article is for reference only and does not constitute investment advice. Investors who act on it do so at their own risk.

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