Reduce dependence on OpenAI! HSBC optimistic forecast: Anthropic is expected to increase Microsoft's (MSFT.US) revenue by $43 billion
HSBC predicts that Microsoft's collaboration with the artificial intelligence startup Anthropic could bring in up to $43 billion in new revenue, giving Microsoft a "Buy" rating with a target price of $571. It is expected that Anthropic's revenue will reach $241 billion by 2030, with Microsoft's cloud infrastructure likely to capture 30% of the market share. Although Microsoft's stock price has fallen nearly 14% this year, the new partnership could become a significant source of growth for the future
According to the Zhitong Finance APP, HSBC has released a report stating that Microsoft's (MSFT.US) collaboration with the AI startup Anthropic could bring the Windows manufacturer up to $43 billion in new revenue. HSBC has given Microsoft a "Buy" rating with a target price of $571.
HSBC analyst Stephen Bersey wrote in the report: "We expect Anthropic's revenue to reach approximately $241 billion by 2030, whereas we previously estimated its revenue would be below $5 billion in 2025. Notably, Anthropic accounts for about 5% of Microsoft's remaining performance obligations (RPO), while OpenAI accounts for 46%. Therefore, as Anthropic's revenue grows rapidly, Microsoft's new partnership with Anthropic could become a significant source of revenue growth."
Bersey added: "If we assume that Anthropic's computing demand expenditure will account for 60% of its revenue by 2030, this would provide cloud infrastructure providers with an annual revenue opportunity of $144 billion. If Microsoft Azure can capture 30% of that share, it would bring Microsoft an annual revenue opportunity of $43 billion by 2030."
Bersey stated that the revenue Microsoft currently receives from Anthropic is "minimal."
Under the leadership of CEO Satya Nadella, Microsoft announced a new strategic partnership with NVIDIA and Anthropic in November 2025. As part of the collaboration, NVIDIA and Microsoft committed to investing up to $10 billion and $5 billion in Anthropic, respectively. At that time, Anthropic also stated that it would invest $30 billion to purchase computing resources from Microsoft Azure and planned to procure up to 1 gigawatt of computing power additionally.
As of the time of publication, Microsoft was down 0.81% in pre-market trading, at $412.70. Microsoft's stock price has fallen nearly 14% this year, pressured by high capital expenditures and competitive pressures from AI rivals
