Key Stats for Google Stock
- Price change for Google stock: 2%
- $GOOGL Share Price as of Apr. 24: $344
- 52-Week High: $349
- $GOOGL Stock Price Target: $377
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What Happened?
Google (GOOGL) stock moved higher on Friday after the company confirmed plans to invest up to $40 billion in Anthropic, the AI startup behind the Claude models.
- The deal starts with an initial $10 billion investment at Anthropic’s current $380 billion valuation.
- The remaining $30 billion is tied to performance milestones.
- The announcement deepens a partnership that goes back to 2023, when Google first invested $300 million in Anthropic.
- Total prior investment had already exceeded $3 billion. This new deal is by far the largest commitment yet.
The timing is significant.
- Anthropic is under real infrastructure pressure. Demand for Claude — particularly Claude Code, which has exploded in enterprise adoption — has outpaced what the company can currently support.
- Google’s investment, alongside a separate compute deal with Broadcom, will provide Anthropic access to 5 gigawatts of computing capacity starting next year.
This isn’t just a financial bet.
- Google Cloud offers Anthropic’s Claude models through its cloud division, competing directly with AWS and Microsoft Azure.
- Every enterprise using Claude through Google Cloud is a Google Cloud customer.
- GOOGL stock benefits when the Claude adoption drives more usage of Google’s infrastructure.
The deal mirrors a similar agreement Anthropic struck with Amazon just weeks earlier — $5 billion upfront and up to $20 billion more tied to commercial milestones.
The pattern is clear: both cloud giants are racing to lock up access to Anthropic’s technology and the compute revenue that comes with it.
Anthropic’s annualized revenue has now crossed $30 billion, driven heavily by Claude Code and its enterprise AI platform.
That kind of growth justifies the scale of investment. For Google, backing the AI lab most closely tied to its cloud business is a logical move.
It’s worth noting that Google’s own Gemini directly competes with Claude. Google is simultaneously investing in and competing with Anthropic — an unusual but increasingly common dynamic in the AI industry.
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What the Market Is Telling Us About Google Stock
Google stock is up about 9% year-to-date, recovering from earlier weakness tied to AI competition concerns.
Today’s Anthropic deal signals that Google isn’t sitting on the sidelines.
The company is willing to deploy tens of billions to ensure it stays central to where enterprise AI is heading.
Google stock trades almost at its 52-week high.
With cloud revenue growing 48% and backlog hitting $240 billion, the fundamentals are strong.
The Anthropic deal adds another strategic layer to that story.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
