--- title: "Amazon's $13 Billion AI Bet Is Now Worth $190 Billion. Here's Why That Matters." type: "News" locale: "en" url: "https://longbridge.com/en/news/294860266.md" description: "Amazon revalues its $13 billion investment in AI startup Anthropic to $190.4 billion, reflecting a 14.6x gain and contributing significantly to its Q2 net income. This surge highlights Anthropic's rapid growth, driven by strong demand for its Claude model and a recent $965 billion valuation. The deal secures Amazon as a key cloud provider for Anthropic, ensuring long-term revenue commitments and potential further appreciation of the stake." datetime: "2026-08-04T19:21:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294860266.md) - [en](https://longbridge.com/en/news/294860266.md) - [zh-HK](https://longbridge.com/zh-HK/news/294860266.md) --- # Amazon's $13 Billion AI Bet Is Now Worth $190 Billion. Here's Why That Matters. **Amazon** (AMZN \-2.43%) has world-class cloud computing and online retail businesses, but its investment in Anthropic is fast becoming one of its greatest assets. Amazon has invested $13 billion in the artificial intelligence start-up, but in its most recent regulatory filing, Amazon now values that investment at a whopping $190.4 billion. That’s a 14.6x gain in Amazon’s stake, and it helped Amazon record $62.64 billion in net income for the second quarter, as Amazon was able to claim paper profits of $53.39 billion in non-operating income on its balance sheet. But the bigger story isn’t about Amazon’s accounting ledger. It's what the revaluation of Amazon’s investment says about Anthropic’s fast-growing value, and what that could mean for Amazon stock down the road. ![A person removes an Amazon package from a blue locker.](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2Nkbi5jb250ZW50LmZvb2xjZG4uY29tL2ltYWdlcy8xdW1uOXFlaC9wcm9kdWN0aW9uLzZkOGY5YTI3NjQ4MDQxYzY3YTM2ZDU0ZjBhMTMzODQ3OGI3ODZlOGUtMjAwMHgxMjAwLnBuZz93PTIwMDAmaD0xMjAwJnE9NzUmYXV0bz1mb3JtYXQmdz0zODQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Image source: Amazon. ## Amazon’s current stake in Anthropic First, let’s look at the raw numbers. Amazon made an $8 billion investment in Anthropic in 2024, and followed that up this year with another $5 billion investment. Amazon reportedly has a 21% stake in the maker of Claude. At the end of the first quarter, Amazon disclosed that its Anthropic stake had grown to $74.2 billion -- $42.2 billion in convertible notes and $32 billion in nonvoting preferred stock. Based on Amazon’s reported 21% ownership, that implies Anthropic’s value at the time was about $353 billion. However, Anthropic is growing fast. In late May, Anthropic raised $65 billion in a fundraising round, valuing the company at $965 billion. It has also filed a confidential draft S-1 form with the Securities and Exchange Commission -- the first step to filing an IPO. So, when Anthropic does go public, it could raise its value even higher. Now let’s turn back to Amazon. Its second-quarter filing shows that Amazon’s stake in Anthropic grew dramatically: convertible notes are now valued at $97.9 billion, and nonvoting preferred stock is valued at $92.5 billion, giving Amazon a total stake of $190.4 billion. Clearly, Anthropic is becoming much more valuable, particularly as strong demand for its Claude AI is driving rapid revenue growth. Its list of AI enterprise customers includes **Cognizant Technology Solutions**, which rolled out the Claude model to its 350,000 employees, as well as **IBM** and Deloitte. Anthropic is growing so quickly that it now has a $1.2 trillion valuation on secondary markets. If that’s the case, then Amazon’s stake could be worth up to $252 billion. Expand ![Amazon Stock Quote](https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FNWk4ucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## NASDAQ: AMZN Amazon Today's Change (-2.43%) $-6.90 Current Price $277.13 ### Key Data Points Market Cap $3.1TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary. Day's Range $275.82 - $281.07 52wk Range $196.00 - $287.20 Volume 48.9M Avg Vol 50.1M Gross Margin 50.77% ## Why the Anthropic value matters After a 20% jump following its earnings report, Amazon currently has a market capitalization of about $3 trillion. And make no mistake -- its businesses are doing exceptionally well. Revenue in the second quarter topped $200.6 billion, with its North America segment growing 16% to $116.2 billion and its International segment jumping 15% to $42.2 billion. Amazon Web Services (AWS) revenue soared by 37%, generating operating income of $16.6 billion, and Amazon increased its projected capex for the year from $200 billion to $220 billion as it continues to build out its industry-leading cloud computing division. Anthropic will also be a key customer for Amazon, which obtained more than $100 billion in commitments from the AI start-up over the next decade. Amazon will provide up to 5 gigawatts of capacity for Anthropic to train and run Claude, and will provide an updated version of its Trainium AI chips and CPUs. Regardless of when -- or if -- Anthropic finally goes public, Amazon will continue to benefit. The value of its equity stake should appreciate, and Anthropic will be a valued Amazon customer. That’s tremendous value for Amazon’s $13 billion investment -- and in all likelihood, it will just continue to grow. ### Related Stocks - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [AMZD.US](https://longbridge.com/en/quote/AMZD.US.md) - [AMZO.US](https://longbridge.com/en/quote/AMZO.US.md) - [AMZY.US](https://longbridge.com/en/quote/AMZY.US.md) - [AZYY.US](https://longbridge.com/en/quote/AZYY.US.md) - [AMZP.US](https://longbridge.com/en/quote/AMZP.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [ANTH.NA](https://longbridge.com/en/quote/ANTH.NA.md) - [CTSH.US](https://longbridge.com/en/quote/CTSH.US.md) - [IBM.US](https://longbridge.com/en/quote/IBM.US.md) ## Related News & Research - [Amazon, Walmart AI detect 'made in USA' fraud but do not flag it, study says](https://longbridge.com/en/news/294339580.md) - [Trotz wirtschaftlich anspruchsvollen Umfelds bauen Schweizer KMU ihr Exportgeschäft auf Amazon weiter aus](https://longbridge.com/en/news/294936357.md) - [Prediction: CEO Andy Jassy will raise Amazon's full-year 2026 capex guide on July 30](https://longbridge.com/en/news/293883787.md) - [KnowBe4 integrates Agent Risk Manager with Anthropic’s Claude for AI agent security governance](https://longbridge.com/en/news/294689783.md) - [Is Claude Down? 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