Baird Reassesses Semiconductor Stocks After Anthropic's S-1 Filing

jp.investing.com (Japanese) —

Baird has revised its semiconductor stock assessments following Anthropic's S-1 filing, which disclosed over $200 billion in Nvidia-based compute commitments and major spending agreements with cloud providers and chipmakers. Anthropic reported second-quarter fiscal 2026 revenue up 1,368% year-over-year, while compute and infrastructure costs rose 300%. Compute efficiency improved 5.2 times from fiscal 2025 Q1 through fiscal 2026 Q2, with monthly costs projected to reach about $3.1 billion by December 2026. The filing revealed commitments including up to $120.5 billion to SpaceXAI through 2029, $44.6 billion to Nscale through 2033, and $41.3 billion to Lambda through 2034. Anthropic also disclosed lease payments of approximately $161.2 billion for Broadcom TPU-based compute, plus spending commitments to Google, Amazon, and Microsoft totaling over $269 billion.


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