Anthropic’s rapid growth, marked by annualized revenue exceeding $30 billion in early 2026, has positioned the company for a potential initial public offering. While investors cannot directly purchase shares of Anthropic, they can gain exposure to its infrastructure through four primary partners: Amazon, Alphabet, Broadcom, and Nvidia. These companies provide the essential cloud services, custom silicon, and networking hardware required to scale the Claude AI model.
Why Amazon remains a primary infrastructure partner
Amazon provides the foundational computing power for Anthropic’s operations. According to company disclosures, Anthropic has committed to spending over $100 billion on Amazon Web Services (AWS) over the next decade. This includes utilizing over 1 million Amazon Trainium 2 chips to train and deploy Claude. AWS reported revenue of $37.6 billion in the first quarter, a 28% increase year over year. The scale of this partnership suggests that Amazon’s cloud division is a direct beneficiary of the broader shift toward agentic AI workloads.
Anthropic’s $100 billion commitment to AWS represents approximately 75% of the cloud provider’s total revenue generated over the trailing 12-month period.
How Alphabet diversifies the AI compute strategy
Anthropic utilizes a multi-cloud approach to maintain service stability and performance. In October 2025, the company announced an agreement to deploy up to 1 million of Alphabet’s Tensor Processing Units (TPUs). Google Cloud reported a 63% year-over-year revenue increase in its most recent quarter, with its backlog doubling to $460 billion. Analysts point to these TPUs as a high-efficiency alternative to traditional graphics processing units (GPUs) for specific machine learning tasks, contributing to the firm’s wide-moat competitive advantage.
What role does Broadcom play in the AI supply chain?
Broadcom acts as a critical link in the hardware ecosystem by supplying the networking gear and custom silicon necessary to connect massive data center clusters. The company recently finalized an agreement to provide multiple generations of TPUs and specialized networking equipment to Google, which will eventually support Anthropic’s compute capacity. Broadcom reported that its AI chip revenue more than doubled in its most recent quarter, contributing to a 48% increase in total revenue. Management projects that AI-specific chip revenue alone could exceed $100 billion by fiscal 2027.
The benchmark status of Nvidia GPUs
Despite the development of custom chips by cloud providers, Nvidia remains the industry standard for high-demand AI workloads. Anthropic continues to integrate Nvidia’s GPUs alongside proprietary hardware to handle spikes in enterprise demand. Nvidia reported an 85% year-over-year revenue increase in its latest quarter, driven by sustained data center demand. The company’s upcoming Vera Rubin platform is specifically optimized for the next generation of agentic AI, reinforcing its position as a central player in the infrastructure build-out.
When evaluating AI infrastructure stocks, look at the “backlog” figures in quarterly earnings reports. A growing backlog often signals long-term demand that has not yet been fully reflected in current revenue.
Frequently Asked Questions
Can I buy Anthropic stock directly?
No, Anthropic is currently a private company and has not yet completed an initial public offering (IPO), though it has filed a draft registration statement with the SEC.
Which company supplies the most chips to Anthropic?
Anthropic uses a hybrid strategy. It has committed to using over 1 million Amazon Trainium 2 chips and up to 1 million Google TPUs, while also utilizing Nvidia GPUs for specific high-performance tasks.
How does Broadcom profit from AI if they aren’t a cloud provider?
Broadcom designs and manufactures the custom silicon and networking hardware that allows cloud providers like Amazon and Google to connect their servers, making them an essential supplier for the physical data center infrastructure.
Disclaimer: This report is for informational purposes and does not constitute financial advice. Always conduct your own research before making investment decisions. Subscribe to our newsletter for more updates on the evolving AI market.
