Amazon's Anthropic Stake Surges to $60.6B

Amazon disclosed Friday that its holdings in Anthropic — $45.8 billion in convertible notes and $14.8 billion in nonvoting preferred stock — now total $60.6 billion, marking a seven-fold increase on its roughly $8 billion investment since late 2023. The company said conversions generated about $5.6 billion in 2025 gains, recorded a $7.2 billion Q3 adjustment, expects roughly $15 billion more in Q1, and noted valuations rely on Level 3 assumptions.