Anthropic, the AI lab behind the Claude models, has filed confidentially to go public at a valuation reportedly nearing $1 trillion, and even Elon Musk recently called it "obviously currently the leader in AI." The trouble is you can't buy Anthropic yet. Most people looking for a back door point to its big shareholders, but there is another way in: the companies cashing Anthropic's enormous checks.
Anthropic's revenue run rate has rocketed past $30 billion, and it's spending staggering sums on chips and computing power. Here are two suppliers, worth about $1,000 split between them, that profit directly from that spending.
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Broadcom (NASDAQ: AVGO) makes the custom chips that power much of the AI world, and Anthropic just became one of its most important customers. Broadcom designs the Tensor Processing Units, or TPUs, that Google offers in its cloud, and Anthropic has committed to an enormous amount of that capacity: roughly 1 gigawatt coming online in 2026 and about 3.5 gigawatts more starting in 2027. To put that in perspective, analysts at Mizuho estimated Broadcom could collect around $21 billion of AI revenue tied to Anthropic in 2026 and roughly $42 billion in 2027.
That single relationship helps explain why Broadcom's leadership sees its custom AI chip business topping $100 billion in annual revenue by 2027. Owning Broadcom gives you exposure to Anthropic's computing buildout, plus a diversified giant that also dominates AI networking gear and runs a large, steady software business. You're buying an arms dealer to the entire AI race, with Anthropic as one of its biggest new clients.
Space Exploration Technologies (NASDAQ: SPCX), now publicly traded, is the more unexpected pick, and it comes with a twist. Anthropic agreed to pay roughly $1.25 billion per month to lease the Colossus supercomputer through May 2029, a contract worth more than $40 billion in total. That data center, packed with hundreds of thousands of chips, was built by Musk's AI operation, which is now part of SpaceX. In other words, one AI leader is effectively renting its computing muscle from another, and SpaceX shareholders collect the rent.
It's a remarkable arrangement given that Musk once dismissed Anthropic's chances, then publicly admitted he was wrong. For investors, SpaceX offers a slice of that Anthropic revenue stream on top of its core rocket and Starlink businesses. It is the landlord to the AI leader, and that lease is a multiyear, multibillion-dollar tailwind.
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