(Amazon AWS)

Amazon to invest up to $25 billion more in Anthropic; Claude developer to spend more than $100 billion on AWS AI technology

This is the latest edition of a frenetic dash for AI compute to power Claude, which is undergoing some problems of success.

Luke Kawa

4/20/26 4:47PM

Anthropic is continuing its scramble to accumulate more computing power, and Amazon is only too happy to oblige.

As part of an expanded pact, the e-commerce and cloud giant is poised to invest an additional $5 billion in the Claude developer now and up to $20 billion more in the future.

Anthropic, for its part, aims to spend more than $100 billion on Amazon Web Services tech over the next decade. That totals 5 gigawatts of computing capacity, some of which is expected to come online this year. The outlays are said to include multiple generations of the Trainium chips and Gravitron CPUs.

AWS has been Anthropic’s primary cloud provider and an investor in the AI startup turned private juggernaut since 2023. Before this news, Amazon held an $8 billion stake in Anthropic. CNBC reports that the initial investment comes at the $380 billion valuation from its Series G round that closed in February; per Business Insider, its valuation may have effectively more than doubled since then.

This is the latest edition of a frenetic dash for AI compute to fuel Claude, which is undergoing some problems of success. As its tools have become increasingly popular (and, allegedly, disturbingly powerful), users have bemoaned use limits and stealth token rationing in recent weeks, with rival OpenAI saying that its competitive advantage is access to compute.

Anthropic’s computing crunch has helped rejuvenate the AI trade in recent weeks by testifying to downstream end user demand. In other words, the cacophony of complaints about Claude access is being viewed as evidence that the appetite for compute has meaningful breadth across businesses and isn’t just an arms race among hyperscalers.

In April alone, Anthropic reached an AI compute deal with CoreWeave and boosted its agreements with Google and Broadcom.

“Our users tell us Claude is increasingly essential to how they work, and we need to build the infrastructure to keep pace with rapidly growing demand,” Anthropic CEO and cofounder Dario Amodei said in the press release.

For Amazon, this marks an acceleration in its custom chip business (a subset of the AI trade that seems to be going from strength to strength as of late).

Earlier this month, CEO Andy Jassy also said its custom chip business was “on fire” and had exceeded a $20 billion annual revenue run rate, doubling from the $10 billion reported earlier this year.

Luke Kawa

7/13/26

Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa

7/2/26

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Luke Kawa

7/1/26

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

Amazon to invest up to $25 billion more in Anthropic; Claude developer to spend more than $100 billion on AWS AI technology

More Markets

SpaceX gets a wave of bullish ratings from Wall Street analysts

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Latest Stories