Walmart Worth Less Than Anthropic

Anthropic raised $65 billion with a post-money valuation of $965 billion, placing it ahead of OpenAI at $852 billion and slightly above Walmart’s $948 billion market cap. Walmart reported $713 billion revenue and $22 billion net income, with nearly 11,000 stores and 2.1 million employees. Anthropic reported $10.2 billion revenue in the most recent quarter and $559 million operating profit, implying an annual run rate near $40 billion, and forecast $70 billion revenue in 2028. The valuation rests on expectations that AI will be the most important technology, that Anthropic will lead the sector, and that it can build costly data centers. Business adoption of Claude rose to 34.4% of businesses, while OpenAI’s adoption fell to 32.3%.

"Anthropic raised $65 billion with a post-money valuation of $965 billion. That pushed it ahead of arch-rival OpenAI, which was most recently valued at $852 billion. It also puts the Anthropic's figure ahead of Walmart ( NYSE: WMT | WMT Price Prediction), which has a market cap of $948 billion."

"Anthropic's revenue in the most recent quarter was $10.2 billion, on which $559 million in operating profit. That puts its annual revenue run rate at about $40 billion. Anthropic forecasts that its revenue in 2028 will be $70 billion. In the wild west of AI companies, that forecast number is little more than a guess."

"The valuation is based on the belief that AI is the most important technology in history, that it is one of the companies that will rule the sector, and that AI has a tremendous commercial future. (It also depends on whether it can build data centers, which, in aggregate, could cost hundreds of billions of dollars.) It has received large investments from companies such as Amazon and Nvidia ( NASDAQ: NVDA), which are willing to back it as one of, if not the, industry leader."

"Adoption of Anthropic rose 3.8% in April to 34.4% of businesses, according to the May 2026 release of the Ramp AI Index. OpenAI's adoption fell 2.9% to 32.3%"

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