Amazon's Anthropic Stake Could Be Worth $193 Billion at $965B Valuation

Articles published June 11 highlight that Amazon's $13 billion investment in Anthropic is significantly undervalued by the market. With Anthropic now valued at $965 billion, Amazon's estimated 15-20% stake is worth $145-193 billion, implying up to $180 billion in unrealized gains from the March 31 carrying value of $74 billion. The position also includes an option for $20 billion in additional funding and a $100 billion, 10-year AWS spending commitment that boosts Amazon's cloud and AI-chip revenue outlook.