The Motley Fool
10 Oct 2026, 08:55 UTC · 2h ago
Anthropic's Revenue Jumped 12-Fold in 2025, but So Did Its Losses
Impact · against what's priced in
The rapid revenue acceleration and pivot toward profitability for Anthropic provide a concrete catalyst for AWS and Google Cloud, as the market has explicitly refused to pay for AI-driven revenue acceleration in both names. While the 2025 data was already absorbed, the Q2 2026 run-rate suggests the conversion of AI infrastructure into revenue is happening faster than the current valuations assume.
- AMZN+0.40
Challenges what's priced in
- The price assumes
AWS sustaining 19.7% growth and expanding margins
The market isn't paying for AWS acceleration, but Anthropic's Q2 2026 revenue jumping from $4.7B to $11.5B suggests a massive surge in cloud infrastructure consumption that could push AWS growth beyond the 19.7% baseline.
What AMZN's price assumes · Sep 10
