You may already own a piece of Anthropic before its IPO. Amazon, Alphabet, Microsoft and Nvidia all have exposure to Anthropic. For S&P 500 investors, that means indirect exposure through some of the index’s largest companies. But the more interesting part is the circular relationship. These companies invest capital in Anthropic. Anthropic then spends heavily on their cloud capacity and chips. They are simultaneously some of Anthropic’s biggest shareholders and biggest customers. That makes the IPO more than an Anthropic story. It is another test of how interconnected the AI investment cycle has become. #Anthropic #AI #IPO #BigTech