Story perspectives

Alphabet and Amazon Surge Profits Thanks to Anthropic Investment

11/1/2025

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Summary

Story summary

Alphabet Inc. and Amazon.com Inc. posted better-than-expected third-quarter profits largely due to increased valuations from investments in Anthropic PBC.
Alphabet Inc.'s profit included $10.7 billion in net gains from equity securities.
Amazon.com Inc.'s profit rose 38 percent on a $9.5 billion pretax gain from Anthropic.
Anthropic PBC recently raised $13 billion, tripling its valuation to $183 billion.
Google Cloud will supply Anthropic with 1 million AI chips starting in 2026.

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Story summary

Alphabet Inc. and Amazon.com Inc. posted better-than-expected third-quarter profits largely due to increased valuations from investments in Anthropic PBC.
Alphabet Inc.'s profit included $10.7 billion in net gains from equity securities.
Amazon.com Inc.'s profit rose 38 percent on a $9.5 billion pretax gain from Anthropic.
Anthropic PBC recently raised $13 billion, tripling its valuation to $183 billion.
Google Cloud will supply Anthropic with 1 million AI chips starting in 2026.