AI Daily: Amazon debates on further investment in Anthropic

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly:

INVESTMENT: Amazon (AMZN) is debating on making another multibillion-dollar investment in Anthropic, Rafe Uddin, Cristina Criddle, and George Hammond of The Financial Times report. The company has discussed plans to extend beyond the $8B it has already invested in the AI model builder, multiple people with knowledge of the talks told the Times. The investment would ensure Amazon remains on of Anthropic’s largest shareholders while providing a bulwark against a similar multibillion dollar partnership between OpenAI and Microsoft (MSFT).

COLLABORATION: Accenture (ACN) and Microsoft (MSFT) are co-investing in the development of advanced generative AI-driven cyber solutions to help organizations mitigate threats and consolidate technology tools while optimizing operational costs. Accenture and Microsoft successfully completed a project with Nationwide Building Society, the world’s largest building society with over 17M customers in the U.K., to build on its cybersecurity operations.

AI REVENUE UPSIDE: HSBC upgraded AMD (AMD) to Buy from Hold and double it price target on the shares $200, up from $100. The firm turned bullish as it believes AMD’s artificial intelligence graphics processing unit pipeline will surprise with higher-than-expected pricing premium for MI350. AMD has caught up to Nvidia’s (NVDA) Blackwell with MI350, HSBC tells investors in a research note. The firm thinks there could be “significant upside” to AMD’s fiscal 2026 AI revenue as its revised forecast of $15.1B is 57% above the consensus forecast of $9.6B, driven by a higher pricing premium of the recently launched MI350 series. HSBC is also encouraged by AMD’s MI400 rack architecture to be launched in 202 but says it remains too early to be quantified.

AI INVESTMENT CYCLE: Goldman Sachs analyst James Schneider initiated coverage of Nvidia (NVDA) with a Buy rating and $185 price target. The firm initiated the U.S. digital semiconductor and electronic design automation software group, saying it is most constructive on merchant silicon and EDA vendors tied to artificial intelligence related capital spending. The AI investment cycle is in a state of transition, but can sustain growth from current levels, the analyst tells investors in a research note.

GROK AI CHATBOT: Tesla (TSLA) CEO Elon Musk said in a post on X, formerly Twitter, that xAI’s generative AI chatbot Grok is coming to Tesla vehicles “very soon.” “Next week at the latest,” Musk said.