AMZN
Anthropic: not just a shiny AI logo
Amazon’s latest bull case is basically: Anthropic gets bigger, and Amazon keeps collecting rent. That matters because this isn’t just a passive equity bet sitting on the balance sheet like a framed poster of a startup.
AWS stands to benefit in a few very real ways:
- more cloud compute as Anthropic scales
- more adoption of Amazon’s proprietary Trainium chips
- potential upside if Anthropic’s value keeps climbing
The part investors actually care about
The headline number here is the eye-popper: Anthropic’s annualized revenue run rate reportedly jumped from $9 billion to $30 billion. If that growth holds, AWS doesn’t just get a customer — it gets a growth engine with jet fuel.
That’s the kind of relationship Wall Street likes because it stacks the deck:
- Amazon earns from the infrastructure
- Amazon could benefit from the equity stake
- Amazon gets to tell a better AI story without pretending it invented the whole category
Why this matters for your portfolio
This is Amazon doing what Amazon does best: turning someone else’s rocket ship into recurring revenue. If Anthropic keeps ripping, AWS demand could stay stronger for longer, which is exactly the kind of quiet compounding story that can matter more than flashy headlines.
Big picture: sometimes the best AI play isn’t the startup with the loudest demo — it’s the cloud provider billing the demo by the minute.