Microsoft Commits $30B Cloud Capacity Purchase as Anthropic Revenue Triples
Microsoft will buy up to $30B of cloud capacity from Anthropic after a prior $5B investment as Anthropic’s revenue run rate rose from $9B late 2025 to $30B in April 2026. HSBC forecasts Azure will grow at a 33.6% CAGR through 2030 and boosted its price target to $593.
1. Expanded Anthropic Partnership
Microsoft has agreed to acquire up to $30 billion of cloud computing capacity from Anthropic, building on its earlier $5 billion investment in the AI startup. During this period, Anthropic’s annual revenue run rate surged from approximately $9 billion in late 2025 to about $30 billion in April 2026.
2. Azure Cloud Growth Projections
The expanded partnership is expected to help Microsoft diversify its AI customer base and lessen dependence on a single AI provider. Projections indicate Azure’s cloud revenue will grow at a 33.6% compound annual rate through 2030, driven largely by continued demand for AI computing services.
3. Analyst Rating and Price Target
An investment bank affirmed a Buy rating on Microsoft shares and raised its price target to $593, citing Microsoft’s role as a key infrastructure provider for leading AI firms and the strategic importance of its Anthropic collaboration.