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Anthropic Co-founder and CEO Dario Amodei
Anthropic cofounder and CEO Dario Amodei (Chance Yeh/Getty Images)

Anthropic boasts revenue run rate of $30 billion as the Claude developer expands its partnership with Google and Broadcom

Anthropic’s revenue run rate is higher than the trailing 12-month revenues of all but 129 S&P 500 companies.

Luke Kawa

If it seems like public markets have soured on major elements of the AI trade, maybe that’s because the focus has shifted to the boom’s star performer in private markets.

Anthropic said that its annual revenue run rate — an extrapolation of recent sales over a full year — has spiked from roughly $9 billion at the end of 2025 to more than $30 billion. In the past 12 months, fewer than 130 S&P 500 companies booked at least $30 billion in sales.

OpenAI, Anthropic’s rival, said at the end of March that it was generating $2 billion per month, putting its annual revenue run rate in the neighborhood of $24 billion.

“When we announced our Series G fundraising in February, we shared that over 500 business customers were each spending over $1 million on an annualized basis,” Anthropic said in a press release. “Today that number exceeds 1,000, doubling in less than two months.”

These revelations from the Claude creator came as the firm announced an expansion of its partnership with Google and Broadcom. According to a filing from Broadcom, Anthropic will access 3.5 gigawatts of TPU-based AI compute capacity (read: Google’s custom chips) beginning in 2027.

“This significant expansion of our compute infrastructure will power our frontier Claude models and help us serve extraordinary demand from customers worldwide,” per Anthropic.

Clearly, Anthropic’s recent clash with the Pentagon isn’t standing in the way of its financial performance, with demand for Claude services continuing to crescendo.

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Tasha Matsumoto
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Stocks eke out gain ahead of tonight’s deadline for Iran to reopen the Strait of Hormuz

Traders were jittery ahead of the looming deadline, while President Trump posted on Truth Social that “a whole civilization will die tonight” if an agreement is not reached.

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Luke Kawa
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Anthropic is releasing its new model to select companies to get a head start on cyber defense

Fortune reported that the Claude developer would be doing this in late March.

Co-founder and CEO of Anthropic, Dario Amodei
Luke Kawa
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Stocks sink and oil spikes as traders price in enduring, worsening Mideast war

Stocks and oil are building in more risk premium to deal with the perceived increased probability of a more drawn-out disruption to global energy supplies and shipments.

WH Briefing Iran 4/6/26
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Matt Phillips

Samsung’s massive Q1 fails to lift Sandisk, other data center plays

Almost all memory stocks slipped Tuesday, despite getting a positive update on the massive flood of money pouring into the sector from the AI build-out, as the potential escalation of the US war with Iran Tuesday evening overshadowed Samsung’s blowout numbers.

Korean chip giant Samsung Electronics reported preliminary Q1 results showing operating profit up by 755% compared to Q1 2025, trouncing pretty elevated expectations for a gain of about 550%.

Samsung is the world’s largest producer of NAND and DRAM chips. Once considered low-value commodity inputs to tech products, NAND and DRAM prices have exploded over the last six months amid a hyperscaler scramble to secure chips that can manage the surfeit of data produced by AI.

The same dynamics have made memory plays like Sandisk, Western Digital, and Micron some of the best-performing stocks in the S&P 500 over the last 12 months.

But other than Seagate Technology Holdings, those stocks were down Tuesday as of 11:15 a.m. ET, as the surge in oil prices and ongoing war with Iran muted much of the AI data center trade excitement. Bellwethers like Nvidia and hyperscalers like Oracle and Meta were struggling early, as were data center input makers like Corning and Coherent, AI power plays like GE Vernova, Vertiv Holdings, and even hard-hat builders of the shells that house all those AI servers.

On the other hand, some so-called optical stocks — makers of fiber-optic connections that quickly shift data between users, hyperscalers, and all around data centers themselves — were up. Lumentum and Arista Networks, two popular optical stocks, were showing resilience.

Samsung flags eightfold jump in quarterly profit as AI chip demand pumps prices

Samsung flags eightfold jump in quarterly profit as AI chip demand pumps prices

Samsung is the world’s largest producer of NAND and DRAM chips. Once considered low-value commodity inputs to tech products, NAND and DRAM prices have exploded over the last six months amid a hyperscaler scramble to secure chips that can manage the surfeit of data produced by AI.

The same dynamics have made memory plays like Sandisk, Western Digital, and Micron some of the best-performing stocks in the S&P 500 over the last 12 months.

But other than Seagate Technology Holdings, those stocks were down Tuesday as of 11:15 a.m. ET, as the surge in oil prices and ongoing war with Iran muted much of the AI data center trade excitement. Bellwethers like Nvidia and hyperscalers like Oracle and Meta were struggling early, as were data center input makers like Corning and Coherent, AI power plays like GE Vernova, Vertiv Holdings, and even hard-hat builders of the shells that house all those AI servers.

On the other hand, some so-called optical stocks — makers of fiber-optic connections that quickly shift data between users, hyperscalers, and all around data centers themselves — were up. Lumentum and Arista Networks, two popular optical stocks, were showing resilience.

markets
Max Knoblauch

Paramount surges on bullish options activity, 1 day after $24 billion Gulf backing report

Paramount Skydance shares surged more than 9% shortly after markets opened on Tuesday, on pace for their best day since news that the company had emerged victorious in the Warner Bros. bidding war broke in late February.

The entertainment giant is being propelled by bullish options activity, with about 17,000 call options having changed hands as of 10:03 a.m. ET, already ahead of the 20-day average for a full session.

The market move comes a day after reports that three Gulf sovereign wealth funds would back Paramount’s offer for WBD to the tune of $24 billion. Those working on the deal don’t expect the Gulf funds’ involvement to spark any additional regulatory reviews.

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