Anthropic $200B Google Cloud, Chip Deal Reports Lift GOOG to $384.27 (+1.22%)

Alphabet's GOOG shares trade at $384.27, up 1.22%, following May 6 reports reaffirming Anthropic's $200 billion five-year commitment to Google Cloud services and AI chips, originally reported by The Information on May 5. The news initially drove shares up 1.35% in regular trading, 1.40% after-hours to a 52-week high of $393.86, and about 2% in extended trading. The deal reportedly accounts for over 40% of Google's revenue backlog, with Anthropic and OpenAI contracts comprising more than half of the ~$2 trillion at major cloud providers, signaling robust AI infrastructure demand.