Alphabet (GOOGL)’s AI Cloud Surge Accelerates As Anthropic Commits $200 Billion To Google Infrastructure With an upside potential of 7.8%, Alphabet Inc. (NASDAQ:GOOGL) earns its place on our list of the best agentic AI stocks to buy right now.
Photo by Kai Wenzel on Unsplash Alphabet Inc. (NASDAQ:GOOGL) appears to be expanding its role as a foundational infrastructure provider within the growing AI ecosystem
On May 5, 2026, Reuters reported that Anthropic plans to spend $200 billion over five years with Google Cloud, underscoring the scale of demand for AI infrastructure. The agreement includes multi-gigawatt access to Google’s tensor processing units (TPUs) in partnership with Broadcom, with Anthropic estimated to represent more than 40% of Google Cloud’s revenue backlog. That deal further deepens the partnership between Alphabet Inc. (NASDAQ:GOOGL) and Anthropic, with Alphabet already committing $40 billion in April toward a strategy spanning AI models, chips, and cloud infrastructure.
That soaring demand for AI infrastructure drove Alphabet Inc. (NASDAQ:GOOGL)’s Q1 2026 performance, with rapid adoption of AI and cloud infrastructure by businesses, taking Google Cloud revenue up 63% year-over-year to $20 billion. Management also reported significant growth in the number of orders and customer commitments. Alphabet Inc. (NASDAQ:GOOGL) is a holding company that operates Google services such as search engines, ad platforms, Internet browsers, devices, mapping software, app stores, video streaming, and more.