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Alphabet/Google CEO Sundar Pichai
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Google to reportedly invest up to $40 billion in Anthropic

Amazon announced plans to deepen its investment in the Claude developer earlier this week.

Luke Kawa

Shares of Google rose to session highs after a Bloomberg report that the search giant plans to invest up to $40 billion in Anthropic.

The initial firm commitment is said to be for $10 billion at the valuation Anthropic received in its Series G round in February (which has since doubled, per separate reporting).

Per Bloomberg, this is an expansion of the deal between Google, Broadcom, and the Claude developer revealed earlier this month. At that time, a filing from Broadcom signaled that Anthropic would access 3.5 gigawatts of TPU-based AI compute capacity (read: Google’s custom chips) beginning in 2027. According to Bloomberg, Google Cloud will now be providing 5 gigawatts over the next five years, and potentially more thereafter.

Anthropic has been in the midst of what can only be described as a mad scramble for compute amid widespread complaints surrounding Claude use limits in recent weeks. Earlier this week, Amazon announced an incremental investment of up to $25 billion into Anthropic as part of a pact to provide 5 gigawatts of computing capacity. And Anthropic also struck a deal with CoreWeave earlier this month for data center capacity.

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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.

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