Gotrade News - The Anthropic-Google $200 billion cloud deal, Samsung's $1 trillion market cap milestone, and a fresh surge in US memory and chip stocks landed within 48 hours, marking the largest single tier of AI infrastructure commitments yet disclosed. Together they signal that hyperscaler AI capex is still accelerating into 2027, not peaking as some bears had argued earlier this year.
The combined moves added more than $300 billion in market value across the AI infrastructure complex, lifting Alphabet (GOOGL) about 2%, sending Intel (INTC) up 12.92%, Micron (MU) up 11.06%, and SanDisk (SNDK) up 11.98% in a single session. The S&P 500 and Nasdaq closed at record highs on May 5.
Key Takeaways:
- Anthropic committed $200 billion over five years to Google Cloud TPU and Broadcom-built capacity, more than 40% of Alphabet's disclosed cloud backlog.
- Samsung Electronics became the second Asian company after TSMC to surpass a $1 trillion market cap, with shares up 12% in Seoul on AI memory demand.
- US AI chip names rallied to records, with Intel +12.92%, Micron +11.06%, and SanDisk +11.98%, signaling hyperscaler capex is still accelerating, not peaking.
According to Investing.com, Anthropic has agreed to spend $200 billion on Google Cloud over five years, with multiple gigawatts of TPU and Broadcom-built capacity coming online from 2027. The contract represents more than 40% of Alphabet's disclosed cloud revenue backlog.
Alphabet is also investing up to $40 billion of additional capital into Anthropic, deepening a partnership that already spans training, inference, and chip co-design. The combined Anthropic and OpenAI contracts now exceed half of the roughly $2 trillion in cloud-provider backlogs at major hyperscalers.
The market read it as a structural win for Alphabet (GOOGL), which moved closer to challenging Nvidia for the title of world's most valuable company. The Broadcom angle is the quieter story, with Broadcom (AVGO) supplying custom silicon that anchors Google's TPU roadmap.
Anthropic is not putting all its eggs in one basket, with additional capacity locked in at CoreWeave and AWS. Claude is currently trained across AWS chips, Google TPUs, and Nvidia GPUs, a tri-vendor approach that mirrors the strategy OpenAI has pursued since 2024.
For investors, the size of the Google contract is the headline number, but the duration is the more important detail. Five-year takes signal that hyperscalers are now willing to underwrite custom silicon roadmaps years ahead of revenue, a posture only seen during the early cloud build-out in 2014 to 2017.
The deal also explains why Broadcom has traded as a pure-play AI custom silicon name for the past 12 months, with the TPU partnership now contractually anchored through at least 2032. Intel (INTC) caught a sympathy bid in the same session, with traders pricing in a higher chance of foundry wins as hyperscalers diversify silicon supply.
Samsung Crosses One Trillion
Samsung Electronics passed a $1 trillion market cap on May 6 in Seoul, the equivalent of 1,500 trillion won, making it the second Asian company after TSMC to reach that milestone. Shares jumped 12% in early trading, dragging the Kospi up 5.4%.
The catalyst was the prior session's AI rally on Wall Street, but the underlying driver is structural. Samsung is the world's largest memory chipmaker, and demand for high-bandwidth memory used in AI training clusters has tightened supply across DDR5, HBM3E, and the next-generation HBM4 nodes.
A Samsung milestone tends to confirm what US tape watchers already see in Micron (MU) and SanDisk price action. When Korean memory leads, US semiconductor sentiment usually follows, and that loop has now closed in both directions for two consecutive sessions.
The Kospi rally also reflects easier macro, with a US-Iran ceasefire holding and a strong US earnings season anchoring risk appetite across Asia. Foreign net buying in Seoul on May 6 was concentrated in semiconductor names, with Samsung accounting for the bulk of inflows.
SanDisk And The NAND Squeeze
SanDisk closed at $1,406.32 on May 5 after a 429% year-to-date gain in 2026, fueled by a NAND shortage that Gartner expects to last through 2028. The research firm projects storage prices will jump 234% in 2026 alone.
According to The Motley Fool, data center operators have already locked in $42 billion in long-term storage supply contracts, and the bull case price target on the stock is $4,000 within a year. The math sits on a projected 2027 EPS of $168 at a 22x forward multiple.
The demand story is broader than data centers. iPhone 17 doubled minimum storage to 256GB, the Android 128GB tier is expected to disappear by the end of 2026, and AI smartphone shipments are projected to grow 26% annually through 2030. AI PC volumes are forecast to expand 20% annually through 2034.
SanDisk's most recent quarter also reframes the multiple. Q3 FY2026 revenue came in at $5.95 billion, 3.5 times the prior year and well above the $4.7 billion consensus, with adjusted EPS of $23.41 against a $14.50 estimate.
For investors, the takeaway is that the AI capex cycle is multi-year and broader than GPU compute alone. Memory, custom silicon, hyperscaler cloud, and storage are all pricing in the same trade, with SanDisk (SNDK) and Samsung sitting at the supply-constrained end of the chain.
Sources:
- Investing.com, Samsung Electronics market cap surpasses $1 trln, 2026.
- Investing.com, Anthropic commits to spending $200 billion on Google's cloud and chips, The Information reports, 2026.
- The Motley Fool, Prediction: SanDisk Stock Is Going to $4,000 in 1 Year, 2026.
