3 Stocks Poised to Make Billions from the Anthropic IPO

Quick Read

• Amazon holds a 21% stake in Anthropic while Alphabet owns 15%, positions that could deliver hundreds of billions in value for AMZN and GOOG at IPO.

• While Microsoft backed OpenAI, Salesforce turned a $50 million 2023 investment into a $5 billion Anthropic stake ahead of the IPO.

• The analyst who called NVIDIA in 2010 just named his top 10 stocks and Amazon wasn’t one of them. Get them here FREE.

Anthropic is joining in on the IPO fray to win tens of billions in capital and likely a valuation in the trillions. This IPO could significantly benefit Amazon (NASDAQ:AMZN), Salesforce (NYSE:CRM), and Alphabet (NASDAQ:GOOG). Before we look into how, let’s take a look at the IPO first.

Anthropic’s decision for an IPO comes after SpaceX’s decision to debut on the stock market with a $1.75 trillion valuation. SpaceX owns xAI, so Anthropic will be the second major AI LLM company to debut on the stock market.

Many believe this could mark the “final leg” of the AI rally. You could see stock market valuations jump massively as revised index rules dictate that these companies will get a pie out of the S&P 500 and the Nasdaq faster than ever before.

A solid way to play this is not to find a backdoor into Anthropic before it goes public, but to invest in businesses that have found that backdoor before you ever could.

Here are three stocks that this IPO will likely drive up:

Amazon (AMZN)

It’s not hard to see Amazon seeing a windfall from Anthropic’s success, because this is the company that extended the most support to Anthropic. When Microsoft (NASDAQ:MSFT) put its weight behind OpenAI during the early stages of AI, Amazon put its weight behind Anthropic.

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Of course, these bigger companies ended up investing in almost everything related to AI, but Amazon has the largest stake. Amazon invested an initial $8 billion in cash, and the total is now ~$33 billion, though $20 billion of that is tied to “commercial milestones.”

Either way, this relatively small investment gives it a stake of up to 21% in Anthropic. If Anthropic debuts with a valuation of $1 trillion (will probably debut with more at this pace…), this turns into a $210 billion stake for Amazon.

And you need to consider the fact that Anthropic won’t stay stagnant at these valuations. If AI does take off, valuations may even balloon into multiple trillions. AMZN stock will likely ride the coattails of this growth.

Salesforce (CRM)

AI has not been kind to the CRM business. Many consider Salesforce to be among the hardest hit. Your typical software-as-a-service model of making software and then selling a monthly subscription to it forever still works (unless you’re Adobe). The issue is that Wall Street no longer values software as a forever cash stream.

Salesforce’s solution is to own a slice of a company that’s valued at several times software multiples, and without any cash flow.

Bloomberg reported that Salesforce had a $5 billion stake in Anthropic, with an initial $50 million investment in 2023.

This is small in percentage terms, but could grow more by the time Anthropic goes live. Salesforce posted $8 billion in net income in the past 12 months, so this multibagger investment is turning heads already.

After the IPO, you should expect some hype to spill over into CRM stock.

Alphabet (GOOG, GOOGL)

Google is a competitor to Anthropic. The company’s Gemini AI lineup is the best positioned to compete with Claude AI. This is for two reasons: the first is that Google has deeper pockets. The second is that Google has a very large talent pool. It is actually the company that made AI possible.

Google published a 2017 paper titled “Attention Is All You Need,” and this is the foundational tech that powers the vast majority of generative AI.

But being a competitor doesn’t mean that Alphabet won’t benefit from Anthropic’s rise.

Google owned 14% of Anthropic a year ago, and it likely owns 15% now since it is capped at that stake because Anthropic is a large competitor. This is a nifty $150 billion if Anthropic debuts at $1 trillion, probably much more by the time the market is done bidding up the stock. I’d assume the initial investment made was in the low billions.

GOOG stock itself is up 112% over the past year and has made use of that bump with a plan to raise $80 billion in capital. An Anthropic IPO will certainly aid an extended rally.

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