Tech Stock Surges After AI Investment Boost

Amazon shares rise on news of Anthropic's revenue growth, while Broadcom prepares to report earnings.

Published on Mar. 4, 2026

Got story updates? Submit your updates here. ›

The CNBC Investing Club's "Morning Meeting" on Wednesday discussed several key market developments, including a surge in Amazon's stock price following a report that its AI investment, Anthropic, is on pace to generate $20 billion in annual revenue. The club also has high hopes for Broadcom's upcoming earnings report, expecting to see strong AI-related revenue and commentary from the chipmaker's customers.

Why it matters

These stories highlight the growing importance of artificial intelligence (AI) in the tech industry, with major companies like Amazon and Broadcom making significant investments in the technology. The performance of these AI-focused businesses can have a significant impact on the broader tech sector and the overall stock market.

The details

Amazon's stock rose more than 3% after a Bloomberg report indicated that Anthropic, an AI startup in which Amazon has invested $8 billion, is on pace to generate around $20 billion in annual revenue, up from $9 billion at the end of 2025. This news has helped to stabilize Amazon's stock, which had previously fallen after the company revealed a $200 billion capital expenditures plan for this year. Meanwhile, the Investing Club is closely watching Broadcom's upcoming earnings report, hoping to see more than $8 billion in AI revenue for the reported quarter and more than $9 billion projected for the current quarter. The club also wants to hear commentary from Broadcom's AI customers and on the deployment of AI technology into data centers.

  • Broadcom is reporting earnings after the market close on Wednesday, March 4, 2026.

The players

Amazon

An e-commerce and technology company that has invested $8 billion in the AI startup Anthropic.

Anthropic

An AI startup that is on pace to generate around $20 billion in annual revenue, up from $9 billion at the end of 2025.

Broadcom

A semiconductor company that is expected to report earnings after the market close on Wednesday, March 4, 2026.

Jim Cramer

The host of CNBC's "Mad Money" and the leader of the CNBC Investing Club.

Jeff Marks

The director of portfolio analysis for the CNBC Investing Club.

Got photos? Submit your photos here. ›

What they’re saying

“This is the breakout for the stock.”

— Jim Cramer, Host of CNBC's "Mad Money" (CNBC)

“We may be able to mount a rally of some staying power as oil prices come down.”

— Jim Cramer, Host of CNBC's "Mad Money" (CNBC)

What’s next

The Investing Club will be closely watching Broadcom's earnings report after the market close on Wednesday, March 4, 2026, for insights into the company's AI-related revenue and commentary from its customers.

The takeaway

The performance of AI-focused businesses like Anthropic and Broadcom's AI-related offerings can have a significant impact on the broader tech sector and the overall stock market, highlighting the growing importance of artificial intelligence in the industry.