Anthropic Approaching 1 GW Datacenter Deal – Key Beneficiaries

According to a report by The Information on September 22, 2026, Anthropic is in negotiations with Stream Data Centers to lease up to 1 gigawatt of computing capacity. According to the same report, talks are in an early stage; a conclusion is not yet certain. Stream Data Centers is majority-financed by Apollo Global Management, one of the world's largest asset managers focusing on alternative investments.

Broadcom and Google TPUs at the Center of Infrastructure

According to the report, the planned capacity would house Tensor Processing Units (TPUs) designed by Broadcom and Google; alternatively, Nvidia GPUs or other AI chips could be used. Google is also said to have discussed a credit guarantee for the project, the scope of which remains unclear. TPUs are specialized chips for machine learning that operate significantly more efficiently than conventional graphics processors. Anthropic would function as a direct tenant in the new facility, thereby reducing its dependence on traditional cloud service providers.

The deal signals a strategic shift: instead of relying exclusively on hyperscalers like Amazon Web Services (AWS), Anthropic is securing its own datacenter capacity. This gives the AI lab greater control over its infrastructure and potentially better cost structures as demand increases.

Amazon Benefits Multiplefold from Anthropic's Growth

Amazon holds approximately 21 percent of Anthropic's shares. From this stake alone, the company booked a pre-tax profit of $16.8 billion in the first quarter of 2026, of which $12.3 billion came from an appreciation of the stake. Anthropic was valued at $965 billion in the May 2026 funding round; significantly higher valuations are being discussed for the anticipated IPO.

In April 2026, Anthropic committed to spending more than $100 billion over the next ten years on AWS infrastructure. The agreement primarily covers the use of Amazon's proprietary chips: the AI accelerators Trainium2 through Trainium4 and Graviton processors. Amazon thus benefits on three levels: through its stake, AWS commitments, and as a chip supplier.

Diversified Infrastructure Strategy

Parallel negotiations with Stream Data Centers do not signal an end to the Amazon partnership. Rather, Anthropic is pursuing a diversified infrastructure strategy: AWS for some workloads, own datacenter capacity for others. This reduces risks and provides negotiating leverage for future price discussions.

Apollo and Blackstone Equipping AI Infrastructure

Apollo Global Management is working together with Blackstone on a debt package of $36 billion to purchase TPUs developed by Google via a special purpose vehicle for Anthropic; Broadcom guarantees the residual value for approximately $31 billion of senior tranches. The transaction was announced on May 28, 2026. Whether Stream Data Centers is part of this structure is not evident from the reports.

If the lease agreement were to materialize, Apollo would secure long-term, stable revenue from one of the fastest-growing segments of the tech industry. Datacenters with long-term leases to well-capitalized AI labs are considered attractive infrastructure investments with predictable cash flows.

Which Stocks Benefit from the AI Infrastructure Boom?

Several publicly traded companies are directly or indirectly involved in Anthropic's infrastructure expansion:

• Amazon (AMZN): Benefits from its 21 percent stake, the $100 billion AWS commitments, and as a supplier of Trainium and Graviton chips.
• Broadcom (AVGO): Designs TPUs jointly with Google that are intended for use in the planned Stream infrastructure.
• Micron Technology (MU): Counts among Anthropic's strategic hardware partners and supplies memory solutions for AI workloads.
• Samsung Electronics and SK Hynix: Anthropic names both South Korean conglomerates alongside Micron as strategic technology partners and concluded supply agreements with them in July 2026. What components these cover was not disclosed; a commitment to high-bandwidth memory is not documented.

Apollo Global Management: Private Equity Beneficiary

Apollo Global Management (APO) is publicly traded and could benefit from long-term rental income from Stream Data Centers. The financing of datacenters for AI labs fits Apollo's strategy of investing in real assets with long-term contracts.

Infrastructure Bet with Long-Term Perspective

The trend of AI labs directly investing in datacenter capacity is likely to continue. Anthropic's negotiations illustrate that leading AI companies want to expand control over their infrastructure rather than relying exclusively on cloud providers.

For investors, this means: the AI boom is not limited to software companies. Chip manufacturers, memory producers, datacenter operators, and their financiers also benefit from massive demand for computing capacity. The infrastructure layer could experience more stable long-term growth than the more volatile software segments.