How can investors capitalize on one of Anthropic's AI leaders? Bloomberg names 6 ways

Anthropic, the startup that created the Claude chatbot and is among the leaders of the artificial intelligence revolution, is still a private company. That means that most market participants have virtually no ways to invest in it or its direct "proxies" that correlate fully with its business. Nevertheless, Bloomberg has found several ways investors can try to indirectly capitalize on the success of a startup whose products have already become a threat to entire industries.

The absence of public companies whose shares would give any direct exposure or correlation to Anthropic is becoming a source of growing frustration for traders, Bloomberg wrote. Market participants can only bypass the expanding list of securities that collapsed under the pressure of the company's technology, the agency noted.

"There are virtually no net bets on Anthropic in the public market, so investors essentially can't play the company," Daniel O'Regan, managing director of equity trading at Mizuho Securities, said in a conversation with the agency. - Given how prominent the company has become, it's a bit annoying - the kind of itch you can't scratch. God knows we've had enough losers because of Anthropic."

By comparison, one of Anthropic's main competitors, OpenAI, which created ChatGPT, has struck deals with a host of public companies, including Oracle, AMD and CoreWeave, making them a "proxy" for investors. Those hoping to capitalize on Google's Gemini can buy either securities of the search engine's holding company, Alphabet, or those that play a role in AI infrastructure: such as Broadcom, Celestica, Lumentum Holdings or TTM Technologies, Bloomberg writes. A basket of stocks of OpenAI-related companies has risen more than 40% since the start of 2025, while Alphabet-related businesses are up nearly 190% - in both cases a better result than the main U.S. stock index S&P 500 (+17%), the agency noted.

Anthropic isn't limited to one computing or hardware vendor. The company reportedly trains and runs Claude on chips from Amazon, Alphabet, and Nvidia, and the model is available on three major cloud platforms - Amazon Web Services, Google Cloud Platform, and Azure (a Microsoft product). Moreover, while these companies are Anthropic's investors, each of them is simultaneously a competitor or affiliated with competing AI developers, meaning there is no unique correlation specifically to Anthropic, Bloomberg notes.

"There is obviously significant overlap in the list of names, and it hardly seems logical to invest in Alphabet if you are looking specifically for exposure to Anthropic," O'Regan added.

"There are a number of key partnerships through which you can get some sort of proxy exposure to Anthropic, but it's not going to be one-to-one," Nate Miller, vice president of product development for Amplify ETFs, said in a conversation with Bloomberg. - "It can be annoying, and it's particularly challenging for investors that so many companies in this area remain private.

Bloomberg offered a few indirect ways that investors may still be able to bet on Anthropic.

- Cloudflare 's stock rose sharply in late January on reports of the growing popularity of open source AI assistant Moltbot (later renamed OpenClaw) working with Anthropic's Claude. After releasing last quarter 's results on Feb. 10, CEO Matthew Prince said the company is always looking to "partner with outstanding companies like Anthropic."

- Cybersecurity provider and data analytics service Datadog is seen as another candidate. A number of Wall Street analysts, including JPMorgan Chase & Co.'s Mark Murphy, believe the reference on Datadog's Feb. 10 conference call to "an eight-figure contract with a leading AI company" referred specifically to Anthropic.

- Separately, analysts have begun to focus on Zoom Communications' $51 million investment in Anthropic made in 2023, calling it an undervalued asset for the company. Shares of the video conferencing service jumped more than 11% last month after Baird said the stake "could be worth between $2 billion and $4 billion depending on dilution assumptions."

- Shares of telecom provider SK Telecom, which invested $100 million in Anthropic in 2023, have risen more than 60% since mid-January. However, such rapid growth prompted Bank of America analyst Sung Jung Lee this week downgraded the securities to Underperform ("below market"), which is tantamount to advice to sell. The analyst believes that the largest mobile operator of South Korea has grown in price too quickly.

- Cloud-based data storage, processing and analytics platform Snowflake, which itself has come under pressure from a sell-off in the software sector, last year announced a $200 million partnership with Anthropic to make Claude's models available on its platform.

- Waiting for IPO. According to Bloomberg sources, the company is considering an initial public offering and may go public by the end of the year.

This article was AI-translated and verified by a human editor