Anthropic filed for U.S. IPO on June 1, 2026, after closing a $65 billion Series H round valued near $1 trillion, positioning infrastructure suppliers to benefit from its contracted AI compute expansion.

Anthropic committed to spending more than $100 billion with Amazon Web Services over the next decade for up to 5 gigawatts of compute capacity, with separate agreements with Google securing another 5 gigawatts—10 gigawatts of total contracted AI compute demand before the IPO.

Five infrastructure companies are positioned as beneficiaries: Celestica (integrates GPUs and networking into racks), Credo Technology (supplies Active Electrical Cables connecting GPUs), Astera Labs (designs semiconductor connectivity silicon including PCIe retimers and Ethernet fabric switches), Coherent (provides optical transceivers connecting servers across data centers), and Marvell Technology (architect of custom silicon for hyperscalers with 18 confirmed XPU sockets in its pipeline).

Nvidia invested $2 billion in Coherent in March 2026 and signed a multibillion-dollar purchase commitment for optical networking and laser products; Coherent's data center and communications segment posted $1.36 billion in revenue for the third quarter of fiscal 2026.