Anthropic has filed its S-1 registration ahead of what is slated to be the largest IPO ever, likely debuting at a market cap of around $2 trillion. The filing shows plans to spend around $518 billion on computing infrastructure over the next decade, and since many businesses host Claude on servers leased from external cloud providers, total infrastructure needs could exceed that figure. The author expects Nvidia (NVDA), Broadcom (AVGO) and Taiwan Semiconductor (TSM) to benefit as AI data center build-outs continue, and says all three trade for less than 20 times next year's expected earnings. Amazon (AMZN) and Alphabet (GOOGL, GOOG), which host Anthropic's workloads on AWS and Google Cloud, earn revenue from compute used to train models and each time Claude is used. The author expects these five stocks to outperform the market over the next 5 years, while acknowledging uncertainty about how Anthropic will perform after its IPO.
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| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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