Amazon and Alphabet offer early exposure to Anthropic through their shares, and both are better run companies than Anthropic. x.com 

Amazon's 15-20% ownership of Anthropic gives the stock a nice tail reward heading into Anthropic's IPO next month. x.com 

Amazon is uninvestable despite looking very cheap on above-consensus estimates, because everyone else's numbers are also above the Street, leaving no incremental buyers. x.com 

Amazon, Alphabet, Zoom and SK Telecom stand to benefit as Anthropic's valuation heads above $2 trillion, which Polymarket now projects this year. Anthropic's revenue run rate is around $50 billion and could reach $100 billion or more by year end. x.com  x.com 

Amazon is a good stock now because Anthropic is taking off. x.com 

Amazon is one of the market's great opportunity-cost traps. After its earnings and historic capex spending, the stock risks moving sideways for a long period, locking up capital that could earn much better returns elsewhere. x.com 

Anthropic's long-term compute commitments make semiconductor stocks' pricing of a sharp downturn next year look too pessimistic. Anthropic has committed at least $44.9 billion to Microsoft by May 2033, approximately $114.5 billion to Google by July 2033 and $110 billion to Amazon by April 2036, largely regardless of usage. Flycatcher questions whether Anthropic can earn enough to meet those commitments, but its operating figures look good. x.com  x.com 

Amazon is a pretty good, relatively safe play given its holdings in Anthropic. x.com 

An Anthropic IPO could re-rate Amazon through three channels at once: its equity stake, AWS and Trainium. Per the FT, investors are betting Anthropic could list as soon as October at a valuation discussed above $2T; Amazon is a major shareholder and AWS its main cloud and training partner, with their latest deal covering up to 5GW of compute. The pullback from near $287 toward $260-266, where the daily 21-day EMA and a double-bottom neckline sit, is a normal reset after a strong run. x.com 

Google Cloud's accelerating growth positions it to lead the AI cloud market, strengthening Alphabet beyond Search. It may pass Azure next quarter, then AWS, rising from #3 to #1 in 18-24 months. Selling its Anthropic stake could fund 12-18 months of capex and buybacks, but moving roughly $300B at market price without harming their TPU and Cloud partnership is unlikely. Alphabet is cheaper than Anthropic on sales or earnings multiples; the market likely expects a 2027 capital raise. x.com  x.com  … Show more