human filed a confidential draft S-1 application with the U.S. Securities and Exchange Commission (SEC) on June 1, paving the way for a possible initial public offering (IPO). The company behind Claude, one of the top artificial intelligence (AI) apps, could become the biggest software IPO in history after a recent funding round valued the business at $965 billion.
If the presence of private funding is any indication, Wall Street will be vying for the stock when the company eventually begins trading (market watchers and financial analysts expect the company to IPO as early as the fall of 2026). However, you don’t have to invest directly in Anthropic to get exposure.
Here are five stocks that could benefit from their investments and relationships with hot AI companies.
Image source: Getty Images.
1. Amazon
A leader in cloud computing Amazon (AMZN +2.44%) Amazon began investing in Anthropic in 2023. Amazon has invested about $13 billion so far and plans to invest up to $20 billion more. The two companies also work closely together. Anthropic uses both Amazon’s cloud services and Trainium AI chips to run the Claude model.
Today’s changes
(2.44%) $5.54
current price
$232.55
Key data points
Market capitalization
$2.4 trillion
daily range
$226.15 – $232.95
52 week range
$196.00 – $278.56
volume
3.8M
average volume
46.8M
gross profit
50.60%
Amazon’s stake in Anthropic increased significantly, along with Anthropic’s private market valuation. Amazon’s stock is worth about $74 billion, according to an April filing. But that was before Anthropic’s most recent funding round in May. Currently, Amazon’s investment in Anthropic could exceed $100 billion, and could increase even more if Anthropic goes public.
2. Alphabet
tech giant alphabet (Google 1.73%) (GOOG 2.15%) He was also one of Anthropic’s early supporters and investors. The company holds an estimated 14% stake in Anthropic. Based on the latest funding round, Alphabet’s stock could now be worth about $135 billion. Although Alphabet competes with Anthropic through Gemini AI, the two companies work closely together.
Anthropic is one of Alphabet’s major cloud customers and should continue to be so. The company has reportedly committed to spending $200 billion over the next five years on Google’s cloud services and tensor processing unit (TPU) chips. This, along with the company’s favorable stock, could be a big growth booster for Alphabet.
3. Salesforce
software company sales force (CRM +5.45%) The company has also participated in Anthropic funding rounds over the years, although to a lesser extent than Amazon or Alphabet. Salesforce reportedly invested $50 million in 2023, and subsequent investments have now amassed approximately $5 billion worth of stock. That’s a huge return on investment, and an asset that management can ultimately monetize if Anthropic goes public.
Today’s changes
(5.45%) $8.18
current price
$158.37
Key data points
Market capitalization
$123 billion
daily range
$151.49 – $158.46
52 week range
$146.32 – $276.80
volume
21.3M
average volume
15M
gross profit
75.12%
dividend yield
1.14%
Salesforce is embracing AI and proactively delivering it to its customers. Anthropic’s Claude is the foundational model for Agentforce 360, the company’s suite of AI agent products. Concerns about how AI will disrupt the broader software industry have weighed on stocks over the past year. However, Salesforce expects revenue growth to accelerate into the second half of fiscal 2027, and its sneaky investment exposure in Anthropic makes it a potential rebound candidate.
4. Nvidia
The chip powers the AI, so Nvidia (NVDA 1.42%) This was paramount to Anthropic’s success with Claude. This will continue to be the case, as Anthropic plans to use enough Grace Blackwell and Vera Rubin chips for an entire gigawatt of computing power. Anthropic is sourcing custom AI chips to meet its computing needs, which is not surprising since Nvidia remains the overwhelming leader in standardized AI graphics processing units (GPUs).
Nvidia invested in Anthropic and created an equity partnership with one of its best customers. Nvidia was late to the party. The company participated in a funding round late last year that invested up to $10 billion, but that valuation is likely to be even higher following Anthropic’s recent funding. That doesn’t move the needle at Nvidia, but for investors it gives them exposure to Anthropic and is just a bonus to already owning one of the market’s top AI stocks.
5.Microsoft
most investors microsoft (MSFT +6.03%) Because of its long and high-profile relationship with Anthropic’s rival OpenAI. But Microsoft waded into the company late last year, investing up to $5 billion in Anthropic along with Nvidia. Anthropic is committed to spending $30 billion on Azure cloud services and creating a collaborative relationship between the two. Claude is also available from Microsoft Copilot.
Today’s changes
(6.03%) $21.29
current price
$374.12
Key data points
Market capitalization
$2.8 trillion
daily range
$355.44 – $376.60
52 week range
$349.20 – $555.45
volume
4.3M
average volume
39.1M
gross profit
68.31%
dividend yield
0.95%
Microsoft’s stock value has increased since last year, but that’s probably not a big deal for a company with a market capitalization in the trillions. That being said, Microsoft is one of the best AI stocks for direct AI trading, as well as a route to indirectly owning exposure until either Anthropic or OpenAI goes public.
