Anthropic builds the Claude family of AI models and sells them to businesses, software developers, and consumers, with research on making AI safe and understandable at the center of its work. In 2024 it introduced the Model Context Protocol, an open standard for connecting AI assistants to outside apps and data that OpenAI and Google adopted the next year. People use the Claude app to write and analyze files, programmers hand coding tasks to Claude Code, and companies build Claude into their own products through its API. Anthropic earns money from subscriptions, business plans, and usage-based API fees. Siblings Dario and Daniela Amodei founded Anthropic in 2021 with other former OpenAI employees, and it is based in San Francisco.
Company Size
5,001-10,000
Company Stage
N/A
Total Funding
$224.8B
Headquarters
San Francisco, California
Founded
2021
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Claude's AI stock portfolio holds 14.5% of its assets in EMCOR Group (NYSE:EME), its largest position. The portfolio is up 28.4% since late November 2025, against 15.3% for the S&P 500, according to the investing app Rallies. EMCOR installs power systems, backup generators, and cooling networks for data centres. Revenue rose 19.7% in the first quarter of 2026, with organic growth of 16.8%. The stock trades at a forward P/E of 24, against 19.1 for the S&P 500. Analysts expect earnings per share to rise 27% in 2026 and about 12% in 2027. Risks include order pauses, cost overruns, and slowing growth. The dividend yield is just 0.18%.
CNBC's Jim Cramer says AI and data center stocks are under panic selling, as investors fear there is not enough money to fund the build-out. Anthropic's earnings fell short of expectations, though he noted its $100 billion annualised run-rate is hardly disappointing. Debt worries at thinly capitalised companies such as CoreWeave added to the fear. Nvidia chief executive officer Jensen Huang said on Thursday that CoreWeave is fine and its cost of capital is falling, which lifted tech stocks for the day. New Federal Reserve chairman Kevin Warsh may push short-term rates to 5.5% or 6% to bring inflation to 2%. They now stand at 3.75% to 4% after last month's hike, the first in three years. Cramer's investing club holds 12% in cash. It took profits in Cardinal Health, bought more Bank of New York, and favours high-quality stocks with strong balance sheets.
Anthropic's revenue growth slowed in the third quarter, disappointing some investors as the AI startup prepares to go public. Its crackdown on rivals copying its technology may be part of the reason. Anthropic made $16.8 billion in revenue in the quarter. It told prospective investors that 5% to 7% of revenue comes from distillation, in which rivals use its Claude models to help train competing systems, The Information reported. Anthropic has accused Chinese AI companies of the practice and says its crackdown is working. It expects distillation revenue to fall further. An IPO could value the company at $1.5 trillion or more. Investors will need to separate genuine customer demand from revenue generated by would-be copycats.
Anthropic President Daniela Amodei has urged people not to use AI for romance, calling virtual girlfriends and boyfriends a "terrible use of AI." In a prerecorded interview with Thrive Global founder and chief executive officer Arianna Huffington for the Think Health conference in Bentonville, Arkansas, she said such relationships push humans further from one another. She linked her concern to social media, which she said has replaced face-to-face interaction. "Claude can never be your manager or your therapist or your partner," she said, referring to Anthropic's chatbot. She wants AI to take over repetitive tasks, freeing people to spend more time with others. Anthropic told investors it generated $16.8 billion in revenue in the third quarter.
Stocks slid on Thursday as traders turned bearish on AI, shrugging off strong earnings from Anthropic and TSMC. Anthropic said third-quarter revenue grew more than threefold from the first quarter. The Taiwanese chipmaker reported its sixth consecutive record quarterly profit. One analyst said traders were "increasingly concerned about the side effects of sustaining that growth." Worries centre on the huge infrastructure buildout and the heavy debt issuance funding it. Yields on one AI cloud computing provider's bonds touched 15%. S&P futures and Asian stocks were down.