🚀 BREAKING: Alphabet's Stake in Anthropic Surges to $124B

$GOOGL has disclosed in its Q2 regulatory filings that the total valuation of its equity stake in AI startup Anthropic has exploded to approximately $124.3 billion .
Key Takeaways
Massive Paper Gains: Alphabet recorded nearly $77 billion in unrealized gains during Q2 alone from its private holdings, driven primarily by Anthropic's valuation nearly tripling to $965 billion .
Record Quarterly Net Profit: The massive valuation markups helped push Alphabet’s Q2 net profit above $112 billion for the first time in company history.
Deepening Strategic Partnership: Google holds a roughly 14% stake in Anthropic, backed by an initial $3 billion investment in 2023 and up to $40 billion in multi-year capital commitments paired with massive Google Cloud compute access.