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May 5, 2026 8:05 PM

Alphabet Stock Gains On Report Of Massive Anthropic Cloud, Chip Deal

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) shares were up about 1% in Tuesday’s after-hours trading after a report from The Information said Anthropic committed to spend $200 billion with Google Cloud over five years as part of a recent agreement.

• Alphabet stock is challenging resistance. Why did GOOGL hit a new high?

Validation for Alphabet

The move suggests investors are reading the deal as a major validation point for Alphabet's cloud and AI infrastructure strategy, particularly as Anthropic's commitment reportedly includes spending tied to Google's cloud services and chips.

According to the report, Anthropic may ...