Anthropic has tripled revenue in the first three months of 2026, but the biggest beneficiary may be Alphabet. The company owns 14% of Anthropic and the AI startup is buying the company’s TPUs and using Google Cloud. We also discuss the rumored foldable iPhone and Delta’s earnings. Travis Hoium, Lou Whiteman, and Rachel Warren discuss: - Anthropic’s growth - Google’s big win - Foldable iPhones - Delta’s earnings Companies discussed: Alphabet (GOOG), NVIDIA (NVDA), Apple (AAPL), Delta Airlines (DAL). Host: Travis Hoium Guests: Lou Whiteman, Rachel Warren Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We’re committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Why Alphabet is the Winner from Anthropic’s Incredible Growth

Motley Fool Hidden Gems Investing

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**Podcast:** Motley Fool Money

## Transcript

Money. Welcome to Motley Fool Money. I am Travis Hoyam, joined today by Rachel Warren and Lou Whiteman.

Guys, we got to start with Anthropic. The talk of the week has been their announcement that they have gone from a $9 billion annualized revenue rate. Maybe not the best measure for revenue, but it gives you an idea how fast they're growing. $9 billion at the end of 2025, $30 billion at the end of the first quarter. Rachel, this is just absolutely insane growth from a company at that scale. Yeah, that $30 billion run rate is actually just quite mind-blowing.

You put that in perspective, Anthropic essentially tripled its business in just 90 days. We usually celebrate when a company doubles in a year, doing it in a single quarter. I think it shows that at least for now, what many have framed as AI hype, if you will, it's turning into this massive enterprise land grab. This isn't just about startup growth. This is, I think, very much a fundamental shift in how the enterprise world is adopting AI across industries. And I think something that Anthropic

has really tried to put out there is very much this kind of safety and reliability angle with businesses using Claude, whether it's healthcare giants, tech companies, or otherwise. And I think it's so doing, they've unlocked the corporate vault, so to speak. I think we're seeing businesses are finally moving past the experimental phase and they're putting massive budgets behind these models. And that's creating exponential tailwinds for Anthropic.

I feel like, in talking about this, we risk parroting or extending the AI hype. Because, yeah, it's really hard to know exactly, like to take a big picture look at this. I'd note that searches for Claude tripled over the last 90 days, according to Google Trends. That sort of lines up with the revenue. Obviously, I think those are related. We know this. Claude is having its moment.

Claude is all we've heard about for the last 90 days or so. That's great. And if it's sustainable, it should mean that it's a good business. Probably a better business than the other AI giant that wants to go public. But I think to assume that this continues is lowercase foolish. I mean, look, there are natural limits here to what people can spend. Travis, I think I said it to you,

but there was a viral LinkedIn post last week of a CEO bragging about their four-person company spending $125,000 a month on Anthropic right now. I'm just going to go out on a limb. I don't know anything about that business, but you cannot continue to triple that indefinitely. There's just not enough revenue there. So, this is great. I think all of this does, though, on the revenue side is tell us what we already knew is that Claude is the only thing we've heard about over the last 90 days or so.

Yeah. And their focus on coding specifically really seems to be their differentiator. I know the $20 a month that I'm paying them is probab...

Why Alphabet is the Winner from Anthropic’s Incredible Growth

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Why Alphabet is the Winner from Anthropic’s Incredible Growth

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.