Recent reporting from Bloomberg and Business Insider confirms Anthropic selected Nasdaq for its anticipated IPO, targeting a potential November 2026 debut after earlier delays from an October window. This choice aligns with the AI lab's rapid growth, including massive funding rounds valuing it near $965 billion earlier this year and expectations exceeding $2 trillion, alongside its development of the Claude large language model. Nasdaq's track record with other major tech and AI-related listings, plus eligibility for the Nasdaq-100 index shortly after trading begins, reinforces trader consensus reflected in the 94.4% implied probability. Realistic challenges include further timeline slips from regulatory reviews, AI safety scrutiny, or shifts in market conditions that could prompt a last-minute strategy change.