DoubleLine Capital founder Jeffrey Gundlach called Anthropic's hope for an investment-grade bond rating “simply absurd” as the AI lab lines up its IPO. Anthropic has signed more than $800 billion of compute commitments with Amazon, Google and Broadcom, which Bill Gurley says weigh on its credit like a lease or loan by claiming future free cash flow. Its suppliers already support its financing: Broadcom guarantees $43 billion of a $63 billion chip package, while Amazon has a $20 billion facility with $15 billion undrawn at June 30. Kroll Bond Rating Agency rated Anthropic BB+ in June, one notch below investment grade, and Blackstone reportedly expects a junk rating even after the IPO. For Anthropic's suppliers, IPO cash matters more than any rating, and Broadcom carries $66.5 billion of debt against $16.2 billion of cash.
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.6T |
| Close on 11/02/2026 | 245.63 |
| Change that session | +2.20% |
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $3.5T |
| Close on 11/02/2026 | 278.99 |
| Change that session | -0.30% |
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