Commentators now expect Anthropic's IPO to value the company nearer $1.5 trillion than $2 trillion, after its revenue growth slowed to about 45% from the second quarter to the third. At $1.5 trillion, Alphabet's stake of about 12% would be worth about $180 billion, still more than the $132 billion Alphabet earned in 2025. Analysts expect Alphabet's EPS to grow from $10.81 in 2025 to $15.29 in 2027, and the stock trades at 25x forward earnings. The article's main concern is that slower Anthropic growth could mean less spending on Google's compute, since Anthropic buys computing power from Google Cloud and Amazon. The 12% figure is secondhand, as Anthropic has not yet released an S-1.
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GOOGLIPOartificial intelligencecloud computing
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GOOGL
▲ Likely positiveAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/16/2026 | 340.59 |
| Change that session | -2.47% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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