Amazon’s Q2 earnings beat driven by Anthropic stake sets stage for AI valuation repricing ahead of its public listing.
Amazon’s second-quarter earnings per share reached $5.75, surpassing the $1.82 consensus, fueled by its stake in AI startup Anthropic. The upcoming IPO could value Anthropic at or above $75 billion, matching SpaceX’s record June offering and reshaping valuations for Amazon, Microsoft, and OpenAI.
Anthropic’s filing, expected this month, has avoided disclosing a target valuation, leaving analysts to speculate. The IPO’s outcome will serve as a benchmark for OpenAI’s future valuation, creating a ripple effect across the AI sector. Limited revenue and compute obligation disclosures may limit genuine price discovery.
Market participants are closely watching the offering, as it could force upward revisions in AI-related stock valuations. The absence of a named valuation in recent investor briefings has heightened anticipation for the final figure.