Anthropic's S-1, made public on Oct. 26, says it now leases AI chips and data centers under “Anthropic Direct,” on top of renting computing power from Amazon and Google. Investor Paul Kedrosky said this is “essentially reduplicating AWS,” as Anthropic reduces its reliance on its largest competitors. Anthropic has committed $110 billion to AWS through 2036, while Amazon spent $132 billion on capex in 2025 and expects about $220 billion in 2026. AWS grew 39% to $46.0 billion in the latest quarter, with its backlog at $578 billion, and CEO Andy Jassy projects growth above 40% in 2027 and 2028. Anthropic's compute contracts require payment regardless of usage, so the new data centers mainly add to what it already owes, but they limit how much more of its compute spending AWS can win beyond its current contract.
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AnthropicAMZNcloud computingdata centers
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AMZN
▼ Likely negativeAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.6T |
| Close on 10/30/2026 | 240.47 |
| Change that session | -1.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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