Amazon and Alphabet are positioned to benefit most from Anthropic’s growth, holding major equity stakes while simultaneously supplying significant computing power to the AI company.
Both Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN) have invested billions into Anthropic, each owning an estimated 15% of the company, with Amazon holding the larger share.
If Anthropic achieves a $2 trillion valuation at its upcoming IPO, the stakes held by these two tech giants could be worth approximately $300 billion combined.
An Anthropic IPO is expected in the coming weeks, making the timing of this analysis particularly relevant for investors tracking AI sector exposure.
Beyond their equity positions, both Amazon and Alphabet are also major computing suppliers to Anthropic, giving them a second channel through which they can profit from the company’s expansion.
Anthropic is known to deploy a hybrid computing approach, running workloads across Amazon and Alphabet’s custom AI chips rather than relying on a single system.
Nvidia (NASDAQ: NVDA) also supplies a sizable amount of hardware to Anthropic, meaning the chipmaker stands to benefit as Anthropic scales up its operations and demands more processing power.
A fourth computing partner has recently entered the picture, as Anthropic has collaborated with Broadcom (NASDAQ: AVGO) to design a custom AI chip of its own.
The Broadcom partnership represents a significant wildcard, as Anthropic may ultimately favor its own custom chip architecture over the solutions currently offered by Amazon and Alphabet.
Should Anthropic grow into its expected valuation, all four companies stand to gain from the increased demand for computing infrastructure that will inevitably follow.
However, the article’s analysis makes clear that Amazon and Alphabet occupy the strongest position among the four, as they are effectively double-dipping through both investment stakes and computing revenue.
Nvidia does hold a stake in Anthropic, but the size of that position is not nearly comparable to what Amazon and Alphabet have committed to the fast-growing AI company.
Broadcom’s upside is more speculative at this stage, contingent on whether Anthropic chooses to prioritize its custom chip solution at scale over established cloud computing options.
For investors seeking exposure to Anthropic’s growth trajectory ahead of its IPO, Amazon and Alphabet remain the most direct and multifaceted plays available in the public markets today.
