{"id":12730,"date":"2026-04-22T17:25:20","date_gmt":"2026-04-22T17:25:20","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/12730\/"},"modified":"2026-04-22T17:25:20","modified_gmt":"2026-04-22T17:25:20","slug":"amazons-100-billion-anthropic-bet-could-supercharge-these-2-overlooked-chip-stocks","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/12730\/","title":{"rendered":"Amazon\u2019s $100 Billion Anthropic Bet Could Supercharge These 2 Overlooked Chip Stocks"},"content":{"rendered":"\n

Astera Labs (ALAB<\/a>) achieved 115% revenue growth to $182.5M in 2025 with a 75.7% gross margin by supplying PCIe and CXL chips that eliminate data movement bottlenecks inside AI server clusters. Credo Technology (CRDO<\/a>) more than tripled revenue to $407M in Q3 with a 67.8% trailing gross margin by providing optical and electrical connectivity solutions between servers, with data center revenue representing over 90% of sales.<\/p>\n

Amazon\u2019s $200 billion AI infrastructure spending this year to scale Anthropic\u2019s frontier models drives surging demand for high-speed connectivity both within servers and across distributed systems, creating a tailwind for companies supplying the internal and external plumbing that hyperscalers depend on.<\/p>\n

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The AI arms race isn\u2019t just about who builds the smartest chatbot — it\u2019s about who supplies the plumbing. When Anthropic expanded its partnership with Amazon (NASDAQ:AMZN<\/a>) to a reported $100 billion scale, the headlines focused on cloud dominance and model training. But here\u2019s the real question investors should be asking: who quietly benefits every time more compute gets turned on?<\/p>\n

That\u2019s where the opportunity lies. Let\u2019s look beyond the obvious winners and zero in on two under-the-radar stocks — Astera Labs (NASDAQ:ALAB<\/a>) and Credo Technology Group (NASDAQ:CRDO<\/a>).<\/p>\n

Amazon\u2019s latest commitment to Anthropic builds on prior investments disclosed in Amazon filings and Anthropic announcements, where Amazon pledged billions in cloud credits and infrastructure support through AWS. That\u2019s a fancy way of saying: more GPUs, more networking gear, and more data center buildout.<\/p>\n

READ: The analyst who called NVIDIA in 2010 just named his top 10 AI stocks<\/a><\/p>\n

Amazon’s capital expenditures hit $131.8 billion in 2025, with management explicitly citing AI infrastructure as a major driver. It plans to spend a massive $200 billion this year. With Anthropic scaling toward frontier models, that number likely trends higher going forward.<\/p>\n

What the numbers tell us is that AI workloads are bandwidth-hungry:<\/p>\n

Training large language models requires tens of thousands of GPUs per cluster.<\/p>\n

Networking speeds are moving from 100G to 400G to 800G connections.<\/p>\n

Data center interconnect demand is projected to grow between 17% to 20% annually through 2028<\/p>\n

That surge doesn\u2019t just benefit Amazon. It lifts the entire supply chain — especially the companies making chips that move data faster and more efficiently.<\/p>\n

Astera Labs sits in a niche most investors overlook — connectivity solutions that link CPUs, GPUs, and memory inside AI servers. Its products, like PCIe and CXL-based chips, help data move faster between components. In short, it removes bottlenecks.<\/p>\n

That matters because AI clusters are only as fast as their slowest connection. In 2025, Astera Labs\u2019 reported revenue grew 115% year over year to $852.5 million, gross margin came in at 75.6%, and customers include hyperscalers — widely understood to include Amazon’s AWS.<\/p>\n

Now compare that to peers:<\/p>\n

Company<\/p>\n

Revenue Growth<\/p>\n

Gross Margin<\/p>\n

Astera Labs<\/p>\n

115%<\/p>\n

75.6%<\/p>\n

Marvell Technology (NASDAQ:MRVL<\/a>)<\/p>\n

42%<\/p>\n

59%<\/p>\n

Broadcom (NASDAQ:AVGO<\/a>)<\/p>\n

24%<\/p>\n

67.8%<\/p>\n

Let\u2019s translate that. When Anthropic scales workloads on AWS, more GPUs get clustered together. Those clusters require high-speed interconnects — exactly what Astera sells. Surprisingly, the more powerful AI models become, the more they stress internal data pathways. That plays directly into Astera\u2019s strength.<\/p>\n

Granted, the company is still relatively small and turned consistently profitable in 2025, generating $219 million in net income last year. That introduces volatility. But when all is said and done, its growth rate ties directly to hyperscaler AI spending — and Amazon has signaled that spending isn\u2019t slowing.<\/p>\n

If Astera manages traffic inside the server, Credo builds the highways between servers. Credo specializes in high-speed connectivity solutions — particularly optical and electrical connectivity for data centers. Its chips enable faster transmission over longer distances with lower power consumption.<\/p>\n

Credo’s revenue tripled year over year to $407 million in the third quarter with management guiding to it doubling for the full year. Data center revenue accounted for over 90% of total sales, while trailing 12-month gross margin is expanded to 67.8%.<\/p>\n

Now stack that up against competitors:<\/p>\n

Company<\/p>\n

Revenue Growth<\/p>\n

Data Center Exposure<\/p>\n

Credo<\/p>\n

201.5%<\/p>\n

90%+<\/p>\n

Marvell<\/p>\n

42%<\/p>\n

74%<\/p>\n

Broadcom<\/p>\n

24%<\/p>\n

43.5%<\/p>\n

Here\u2019s why that matters. Anthropic\u2019s models don\u2019t run on a single server — they run across massive distributed systems. That requires moving data between racks, buildings, and sometimes regions. Credo\u2019s chips handle that transmission efficiently.<\/p>\n

That said, there\u2019s a catch. Credo\u2019s customer concentration is high — three of them account for 90% of revenue. If AWS shifts vendors or delays spending, growth could wobble. Regardless, the direction of travel is clear. As Amazon deepens its AI footprint, it needs faster, more efficient networking — and Credo sits right in that demand stream.<\/p>\n

In short, the Anthropic-Amazon partnership isn\u2019t just about AI models — it\u2019s about infrastructure scaling at a pace the market is still digesting.<\/p>\n

Astera Labs benefits from inside-the-server demand — connecting chips and memory. Credo benefits from between-the-server demand — moving data across networks. Different roles. Same tailwind.<\/p>\n

That\u2019s the key insight. Investors often chase the headline names — Amazon, Nvidia (NASDAQ:NVDA<\/a>), Anthropic. But the real leverage sometimes sits a layer deeper in the stack.<\/p>\n

That said, these are not risk-free plays. Both companies depend heavily on hyperscaler spending cycles. If AI budgets tighten — something we\u2019ve already seen hints of with companies overshooting AI budgets — growth could slow.<\/p>\n

In any case, if Amazon follows through on scaling Anthropic to the level implied by a $100 billion partnership, the demand for high-speed connectivity doesn\u2019t just rise — it compounds. And that\u2019s exactly where Astera Labs and Credo operate.<\/p>\n

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