Should You Buy Alphabet Stock After Anthropic Raised Its Google Commitment to $121 Billion?

Anthropic increased its minimum spending commitment to Google to $121.3 billion through July 2033, representing about 22% of Google Cloud's $560.8 billion revenue backlog. While Anthropic currently has sufficient cash (~$132 billion) to cover near-term obligations, the company must rapidly grow its customer base to generate cash flows needed for later commitments. The analyst views near-term revenue as solid but later years as dependent on Anthropic's growth trajectory, and maintains that Alphabet stock remains reasonably valued at current levels.