Importantly, Microsoft's bottom-line growth should accelerate once it has completed its funding obligation to OpenAI. Indeed, while Wall Street estimates earnings will increase 9% over the next 12 months, analysts forecast earnings will increase at 14% annually through fiscal 2028, implying a meaningful uptick in growth a few years down the road.

AWS has backed Anthropic since last September when it invested an initial $1.25 billion into the company. Followed by another $2.75 billion this March that represented the largest external investment in Amazon’s history, the partnership positioned AWS as Anthropic’s primary cloud provider.

Amazon, which is Anthropic’s primary cloud partner, is fiercely competing with Microsoft and Alphabet’s Google to offer AI-powered tools for its cloud customers.