Reduce reliance on OpenAI! HSBC optimistic forecast: Anthropic is expected to increase revenue by $43 billion for Microsoft Corporation (MSFT.US)

HSBC Bank released a report stating that the collaboration between Microsoft Corporation (MSFT.US) and artificial intelligence startup Anthropic could bring in as much as $43 billion in new revenue for the Windows manufacturer. HSBC Bank gave Microsoft Corporation a "buy" rating with a target price of $571. HSBC Bank analyst Stephen Bersey wrote in the report, "We expect Anthropic's revenue to reach around $241 billion by 2030, whereas we previously expected its revenue to be below $5 billion by 2025. It is worth noting that Anthropic accounts for approximately 5% of Microsoft Corporation's remaining performance obligations (RPO), while OpenAI accounts for 46%. Therefore, as Anthropic's revenue grows rapidly, the new collaboration between Microsoft Corporation and Anthropic could become a significant source of revenue growth for them." Bersey added, "If we assume that Anthropic's spending on computational power will account for 60% of its revenue by 2030, this could provide cloud infrastructure providers with a revenue opportunity of $144 billion annually. If Microsoft Corporation's Azure can capture 30% of this share, it could bring in $43 billion in revenue annually for Microsoft Corporation by 2030." Bersey noted that the revenue Microsoft Corporation currently receives from Anthropic is "negligible." Under the leadership of CEO Satya Nadella, Microsoft Corporation announced a new strategic partnership with NVIDIA Corporation and Anthropic in November 2025. As part of the collaboration, NVIDIA Corporation and Microsoft Corporation committed to investing up to $10 billion and $5 billion in Anthropic respectively. Anthropic also stated at the time that they would invest $30 billion in purchasing computational resources from Microsoft Corporation's Azure and plan to purchase up to 1 gigawatt of computational power. As of the time of writing, Microsoft Corporation's stock has dropped by 0.81% pre-market, to $412.70. Microsoft Corporation's stock price has fallen by nearly 14% this year, with factors such as high capital expenditure growth and competition from AI competitors putting pressure on its stock price.