Alphabet (GOOGL) Expands Anthropic Partnership with Up to $40B Investment

Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 Best Edge Computing Stocks to Buy Right Now.

On April 24, 2026, Bloomberg reported that Alphabet Inc. (NASDAQ:GOOGL) plans to invest up to $40 billion in Anthropic, with both companies confirming the expansion of their partnership as competition intensifies in artificial intelligence. Anthropic said the agreement builds on an existing relationship, with Google already providing access to its Claude models through Google Cloud.

On April 22, 2026, ServiceNow and Google Cloud announced an expanded partnership at Google Cloud Next, introducing AI solutions and agents designed to enable more autonomous operations across areas such as 5G networking, retail, and IT systems. The companies said the initiative reflects a shared vision of AI agents working across platforms to detect and resolve issues before they impact customers.

Alphabet (GOOGL) Expands Anthropic Partnership with Up to $40B Investment

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Also on April 22, 2026, BMO Capital raised its price target on Alphabet Inc. (NASDAQ:GOOGL) to $410 from $400 and maintained an Outperform rating. The firm said the stock remains a preferred way to gain exposure to AI, pointing to Alphabet’s positioning across the AI stack and web traffic data suggesting accelerating year-over-year growth in visits to Google.com, supported by integration of AI features in search.

Alphabet Inc. (NASDAQ:GOOGL) operates through Google Services, Google Cloud, and Other Bets, offering a range of digital products and platforms globally.

While we acknowledge the risk and potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOGL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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