Stock Besties

Who depends on whom in AI, with the receipts.

A small, sourced map of the AI build-out: who funds, buys from, supplies and hosts whom. Every line has an SEC filing or the companies' own release behind it. Pick a company to see its ties, run an event through the network, or check what your stocks share.

Paper research only: no trading, no real moneyNot investment advice16 companies, 38 sourced relationships, 26 filed with the SECExcerpts re-checked Oct 18, 2026

Choose a company

Investment or creditChips and parts (supplier)Compute and data centers (infrastructure)Warrant, guarantee or announced onlyArrows follow the money. Dashed circles are private companies (information nodes).

Micron

MU · Nasdaq

Memory chips

Company page

2 sourced relationships, 1 of them filed with the SEC.

Micron depends on, or is exposed to

Investment exposure

Customer dependence

Companies that depend on Micron

Investment dependence

Supplier dependence

What if

Catalog BESTIES-v1, reviewed Oct 18, 2026. 38 relationships among 16 companies; 26 rest on SEC filings.

How to read it

Four kinds of dependence, one rule for evidence

Investment dependence

An investor, holder or guarantor puts capital or credit behind a company: shares, notes, warrants, guarantees. The investee relies on it; the investor is exposed to its value.

Customer dependence

A seller depends on a buyer. When OpenAI pays CoreWeave for capacity, CoreWeave has a customer dependence on OpenAI.

Supplier dependence

A buyer depends on a maker of chips, parts or wafers, as NVIDIA, AMD and Broadcom do on TSMC.

Infrastructure dependence

A company runs on another’s compute, cloud, data centers or power, as OpenAI does on Azure, AWS, Oracle and CoreWeave.

Evidence rule

A link is included only when an SEC filing or an official release of one of the two companies supports it, quoted word for word. Press reports and the post that inspired this tool are never enough. Confidence says which: filed with the SEC, stated by both companies, or by one. Excerpts are re-read every week where the site allows automated reads, and each source shows the date of its last check.

Materiality stays unknown unless stated

A deal size is not materiality. Boostio shows how much a relationship matters to a company only when a source says so, such as a filed revenue figure or a share of revenue. Everywhere else it says “unknown”; it never estimates a percentage.

Connected events

Every filing, and who it reaches

SEC filings of the 12 listed companies, last 120 days, checked Oct 23, 2026

When a company in the network files results, a material agreement or a financing, these are the companies directly tied to it on that date, through sourced relationships only. For a what-if (a spending pullback, a funding squeeze, a supply disruption or a value drop), pick the company on the map and open “What if”.

Company

Oct 22, 2026, 06:02 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Oct 21, 2026, 20:00 ETMeta Platforms filed a quarterly report (10-Q). Filing on SEC.govConnected:AMD CoreWeave
Oct 21, 2026, 16:03 ETMeta Platforms filed a current report (8-K): material agreement (Item 1.01), results of operations (Item 2.02), other events (Item 8.01). Filing on SEC.govConnected:AMD CoreWeave
Oct 15, 2026, 06:40 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Oct 9, 2026, 08:21 ETMicron filed an annual report (10-K). Filing on SEC.govConnected:Anthropic NVIDIA
Oct 8, 2026, 06:12 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Sep 30, 2026, 16:02 ETMicron filed a current report (8-K): results of operations (Item 2.02). Filing on SEC.govConnected:Anthropic NVIDIA
Sep 28, 2026, 16:16 ETAMD filed a current report (8-K): unregistered sale of shares (Item 3.02). Filing on SEC.govConnected:OpenAI Meta Platforms TSMC
Sep 24, 2026, 06:02 ETTSMC filed a foreign issuer report (6-K). Filing on SEC.govConnected:NVIDIA AMD Broadcom
Sep 22, 2026, 16:17 ETCoreWeave filed a current report (8-K): material agreement (Item 1.01), unregistered sale of shares (Item 3.02), other events (Item 8.01). Filing on SEC.govConnected:OpenAI Microsoft Meta Platforms NVIDIA
Sep 17, 2026, 07:13 ETCoreWeave filed a current report (8-K): Regulation FD disclosure (Item 7.01), other events (Item 8.01). Filing on SEC.govConnected:OpenAI Microsoft Meta Platforms NVIDIA
Sep 14, 2026, 16:45 ETAmazon filed a current report (8-K): other events (Item 8.01). Filing on SEC.govConnected:OpenAI Anthropic
Sep 14, 2026, 06:01 ETOracle filed a current report (8-K): other events (Item 8.01). Filing on SEC.govConnected:OpenAI NVIDIA
Sep 11, 2026, 16:10 ETOracle filed a quarterly report (10-Q). Filing on SEC.govConnected:OpenAI NVIDIA

Shared exposure

What do your stocks have in common?

Stocks that look diversified can lean on the same customer, supplier or investor. Pick a few listed companies to see the companies they share, with each pick's dependence and any figure a source states. Nothing you pick is stored.

Your picks (listed companies only)

Pick at least two listed companies to see what they share. Private companies (OpenAI, Anthropic, SB Energy) and SoftBank cannot be picked as holdings, but they show up as shared exposures.

Relationship ledger

All 38 relationships and their evidence

Catalog BESTIES-v1, reviewed Oct 18, 2026

Investment relationships (15)

Microsoft owns about a quarter of OpenAIMicrosoft · OpenAI · 2019

Investment: sharesActiveFiled with the SEC

Microsoft has invested in OpenAI since 2019 and accounts for its stake under the equity method.

Investment exposure: Microsoft is exposed to the value or credit of OpenAI.
Investment dependence: OpenAI relies on capital or credit support from Microsoft.
Capital flows from Microsoft to OpenAI.

First verified evidence: 2019
Latest evidence: Jul 29, 2026

What the sources say

A long-term strategic partnership with OpenAI, originally established in 2019.
“We have a long-term strategic partnership with OpenAI which was originally established in 2019.”
Microsoft (SEC filing), 10-K, Jul 29, 2026excerpt re-checked Oct 18, 2026
An equity-method investment of about 25% of OpenAI on an as-converted basis (June 30, 2026).
“We have an investment accounted for under the equity method that represents an approximate 25% interest on an as-converted basis.”
Microsoft (SEC filing), 10-K, Jul 29, 2026excerpt re-checked Oct 18, 2026
Funding commitments of $13.0 billion, of which $11.9 billion was funded by June 30, 2026.
“We have made total funding commitments of $13.0 billion related to our investment, of which $11.9 billion has been funded as of June 30, 2026.”
Microsoft (SEC filing), 10-K, Jul 29, 2026excerpt re-checked Oct 18, 2026
After OpenAI’s October 2025 recapitalization Microsoft valued the stake at about $135 billion, roughly 27% on an as-converted diluted basis.
“Following the recapitalization, Microsoft holds an investment in OpenAI Group PBC valued at approximately $135 billion, representing roughly 27 percent on an as-converted diluted basis”
Microsoft (Official Microsoft Blog), Oct 28, 2025excerpt re-checked Oct 18, 2026

How much it matters

To Microsoft: Disclosed Net gains of $6.5 billion from investments in OpenAI in fiscal 2026, after net losses of $4.8 billion in fiscal 2025.
“Other income (expense), net included $6.5 billion of net gains, $4.8 billion of net losses, and $1.5 billion of net losses for fiscal years 2026, 2025, and 2024, respectively, from investments in OpenAI”
Microsoft (SEC filing), 10-K, Jul 29, 2026excerpt re-checked Oct 18, 2026
To OpenAI: Unknown OpenAI is private; no source states how much of its capital came from Microsoft.

Amazon invested $50 billion in OpenAIAmazon · OpenAI · Feb 27, 2026

Investment: preferred stockActiveFiled with the SEC

Amazon bought OpenAI Series C preferred stock: $15.0 billion in the funding round plus a $35.0 billion commitment, fully invested after June 30, 2026.

Investment exposure: Amazon is exposed to the value or credit of OpenAI.
Investment dependence: OpenAI relies on capital or credit support from Amazon.
Capital flows from Amazon to OpenAI.

First verified evidence: Feb 27, 2026
Latest evidence: Jul 31, 2026

What the sources say

Amazon will invest $50 billion: $15 billion first, then $35 billion when conditions are met.
“Amazon will also invest $50 billion in OpenAI, starting with an initial $15 billion investment and followed by another $35 billion in the coming months when certain conditions are met.”
Amazon and OpenAI (SEC filing exhibit), 8-K EX-99.1, Feb 27, 2026excerpt re-checked Oct 18, 2026
A $35.0 billion equity commitment for OpenAI Series C preferred stock, separate from a $15.0 billion investment in the round.
“Amazon Sub agreed to purchase shares of OpenAI’s Series C Preferred Stock (the “Commitment Shares”) with an aggregate purchase price of $35.0 billion (the “Commitment Amount”).”
Amazon (SEC filing), 8-K, Feb 27, 2026excerpt re-checked Oct 18, 2026
$15.0 billion invested in Series C preferred stock first.
“We also invested $15.0 billion in Series C Preferred Stock of OpenAI and entered into an equity commitment letter agreement”
Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026
The remaining $21.3 billion of the commitment was invested after June 30, 2026.
“Subsequent to June 30, 2026, we invested the remaining $21.3 billion Commitment Amount in shares of Series C Preferred Stock of OpenAI.”
Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Amazon: Unknown Amazon reports some figures for its OpenAI and Anthropic stakes together, so no OpenAI-only share of its results is shown.
To OpenAI: Unknown OpenAI is private; no source states what share of its funding came from Amazon.

SoftBank owns about 13% of OpenAISoftBank Group · OpenAI · Sep 2024

Investment: preferred stockActiveStated by one company

SoftBank Group has invested $64.6 billion in OpenAI through SoftBank Vision Fund 2 since September 2024; the last $10 billion tranche was executed on October 1, 2026.

Investment exposure: SoftBank Group is exposed to the value or credit of OpenAI.
Investment dependence: OpenAI relies on capital or credit support from SoftBank Group.
Capital flows from SoftBank Group to OpenAI.

First verified evidence: Sep 2024
Latest evidence: Oct 1, 2026

What the sources say

$34.6 billion invested through SoftBank Vision Fund 2 from September 2024 to February 2026.
“SBG has invested an aggregate of USD 34.6 billion in OpenAI through SoftBank Vision Fund 2 since September 2024.”
SoftBank Group (press release), Feb 27, 2026excerpt re-checked Oct 18, 2026
After the third tranche (October 1, 2026): $64.6 billion invested in total, about 13% ownership.
“As a result, SBG’s cumulative investment in OpenAI totals USD 64.6 billion, and its ownership interest is approximately 13%.”
SoftBank Group (press release), Oct 1, 2026excerpt re-checked Oct 18, 2026

How much it matters

To SoftBank Group: Unknown SoftBank measures the stake at fair value; no source reviewed here states its share of SoftBank’s assets.
To OpenAI: Unknown OpenAI is private; no source states what share of its funding came from SoftBank.

NVIDIA guarantees up to $105 billion of OpenAI’s data-center leasesNVIDIA · OpenAI · Aug 2026

Investment: credit guaranteeCommitted (future delivery)Filed with the SEC

NVIDIA agreed in August 2026 to back OpenAI’s lease payments at SB Energy’s PORTS-Pike campus in Ohio; the campus will host only NVIDIA systems.

Investment exposure: NVIDIA is exposed to the value or credit of OpenAI.
Investment dependence: OpenAI relies on capital or credit support from NVIDIA.
NVIDIA backs OpenAI’s obligations: money moves only if the guarantee is triggered.

First verified evidence: Aug 2026
Latest evidence: Aug 26, 2026

What the sources say

Guarantees capped at $105 billion, covering about 4.25 gigawatts of IT load leased by an OpenAI affiliate at SB Energy’s campus in Pike County, Ohio.
“In August 2026, we entered into guarantees, capped at a total of $105 billion, to provide credit support on a land, power, and shell buildout with affiliates of SB Energy Corp. (SB Energy) on behalf of a customer, an affiliate of OpenAI Group PBC (OpenAI), related to leases for approximately 4.25 gigawatts of IT load in the aggregate at SB Energy’s PORTS Technology Campus in Pike County, Ohio.”
NVIDIA (SEC filing), 10-Q, Aug 26, 2026excerpt re-checked Oct 18, 2026
NVIDIA’s exposure declines as OpenAI pays its leases; the guarantees end if OpenAI reaches a satisfactory credit rating or the leases run out.
“The guarantees terminate upon certain events, including OpenAI achieving a satisfactory credit rating or after each respective lease term has completed.”
NVIDIA (SEC filing), 10-Q, Aug 26, 2026excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Described, no figure NVIDIA names the risk but gives no share: if OpenAI does not perform and a guarantee is triggered, NVIDIA may assume the lease or seek a replacement tenant.
“If OpenAI does not perform its obligations or becomes subject to an insolvency event, and a guarantee is triggered, we may assume the applicable lease”
NVIDIA (SEC filing), 10-Q, Aug 26, 2026excerpt re-checked Oct 18, 2026
To OpenAI: Unknown OpenAI is private; no source states how much of its data-center financing depends on this support.

OpenAI holds a warrant for up to 160 million AMD sharesOpenAI · AMD · Oct 6, 2025

Investment: warrant (unvested equity)ActiveFiled with the SEC

AMD issued OpenAI a warrant at $0.01 a share that vests only as OpenAI buys AMD GPUs and AMD’s share price reaches targets. None had vested by June 27, 2026.

Investment exposure: OpenAI is exposed to the value or credit of AMD.
AMD granted OpenAI a warrant on its shares: no cash moves until it is exercised.

First verified evidence: Oct 6, 2025
Latest evidence: Aug 5, 2026

What the sources say

A warrant for up to 160 million AMD shares, vesting as specific milestones are achieved.
“As part of the agreement, to further align strategic interests, AMD has issued OpenAI a warrant for up to 160 million shares of AMD common stock, structured to vest as specific milestones are achieved.”
AMD and OpenAI (SEC filing exhibit), 8-K EX-99.1, Oct 6, 2025excerpt re-checked Oct 18, 2026
Exercise price $0.01 a share; vesting tied to GPU purchase milestones and AMD stock-price targets.
“In October 2025 and February 2026, the Company issued warrants to OpenAI OpCo, LLC (OpenAI) and Meta Platforms, Inc. (Meta), each entitling the holder the right to purchase up to 160 million shares of the Company’s common stock at an exercise price of $0.01 per share”
AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026
No warrant shares had vested by June 27, 2026.
“As of June 27, 2026, no warrant shares had vested or become exercisable”
AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026

How much it matters

To OpenAI: Unknown Unvested; no source states its value to OpenAI.
To AMD: Described, no figure No vested shares and no effect on AMD’s financial statements through June 27, 2026.
“the warrants had no impact on the Condensed Consolidated Financial Statements for the three and six months ended June 27, 2026”
AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026

Meta holds a warrant for up to 160 million AMD sharesMeta Platforms · AMD · Feb 2026

Investment: warrant (unvested equity)ActiveFiled with the SEC

AMD issued Meta the same kind of warrant as OpenAI’s in February 2026, vesting with Meta’s GPU purchases. None had vested by June 27, 2026.

Investment exposure: Meta Platforms is exposed to the value or credit of AMD.
AMD granted Meta Platforms a warrant on its shares: no cash moves until it is exercised.

First verified evidence: Feb 2026
Latest evidence: Aug 5, 2026

What the sources say

Exercise price $0.01 a share; vesting tied to GPU purchase milestones and AMD stock-price targets.
“In October 2025 and February 2026, the Company issued warrants to OpenAI OpCo, LLC (OpenAI) and Meta Platforms, Inc. (Meta), each entitling the holder the right to purchase up to 160 million shares of the Company’s common stock at an exercise price of $0.01 per share”
AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026
No warrant shares had vested by June 27, 2026.
“As of June 27, 2026, no warrant shares had vested or become exercisable”
AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Meta Platforms: Unknown Unvested; no source states its value to Meta.
To AMD: Described, no figure No vested shares and no effect on AMD’s financial statements through June 27, 2026.
“the warrants had no impact on the Condensed Consolidated Financial Statements for the three and six months ended June 27, 2026”
AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026

NVIDIA will invest $1.5 billion in SB EnergyNVIDIA · SB Energy · Aug 17, 2026

Investment: sharesAnnounced, not confirmedFiled with the SEC

NVIDIA said in August 2026 it will invest $1.5 billion in SB Energy, whose existing investors are SoftBank Group and OpenAI.

Investment exposure: NVIDIA is exposed to the value or credit of SB Energy.
Investment dependence: SB Energy relies on capital or credit support from NVIDIA.
Capital flows from NVIDIA to SB Energy (announced, not confirmed).

First verified evidence: Aug 17, 2026
Latest evidence: Aug 17, 2026

What the sources say

$1.5 billion, joining existing investors SoftBank Group and OpenAI.
“NVIDIA will invest $1.5 billion in SB Energy, joining existing investors SoftBank Group and OpenAI.”
NVIDIA, SB Energy and OpenAI (joint release filed by NVIDIA), 8-K EX-99.1, Aug 17, 2026excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Unknown Not stated.
To SB Energy: Unknown SB Energy is private.

SoftBank Group is an investor in SB EnergySoftBank Group · SB Energy · Aug 17, 2026

Investment: sharesActiveStated by one company

Named as an existing investor in NVIDIA’s August 2026 release; the size is not stated.

Investment exposure: SoftBank Group is exposed to the value or credit of SB Energy.
Investment dependence: SB Energy relies on capital or credit support from SoftBank Group.
Capital flows from SoftBank Group to SB Energy.

First verified evidence: Aug 17, 2026
Latest evidence: Aug 17, 2026

What the sources say

An existing investor in SB Energy.
“joining existing investors SoftBank Group and OpenAI”
NVIDIA, SB Energy and OpenAI (joint release filed by NVIDIA), 8-K EX-99.1, Aug 17, 2026excerpt re-checked Oct 18, 2026

How much it matters

To SoftBank Group: Unknown Not stated.
To SB Energy: Unknown SB Energy is private.

OpenAI is an investor in its own landlord, SB EnergyOpenAI · SB Energy · Aug 17, 2026

Investment: sharesActiveStated by both companies

Named as an existing investor in NVIDIA’s August 2026 release; the size is not stated.

Investment exposure: OpenAI is exposed to the value or credit of SB Energy.
Investment dependence: SB Energy relies on capital or credit support from OpenAI.
Capital flows from OpenAI to SB Energy.

First verified evidence: Aug 17, 2026
Latest evidence: Aug 17, 2026

What the sources say

An existing investor in SB Energy.
“joining existing investors SoftBank Group and OpenAI”
NVIDIA, SB Energy and OpenAI (joint release filed by NVIDIA), 8-K EX-99.1, Aug 17, 2026excerpt re-checked Oct 18, 2026

How much it matters

To OpenAI: Unknown Not stated.
To SB Energy: Unknown SB Energy is private.

NVIDIA is a CoreWeave shareholder and bought $2 billion more in 2026NVIDIA · CoreWeave · Sep 15, 2025

Investment: sharesActiveFiled with the SEC

NVIDIA is a CoreWeave stockholder and bought 22,935,780 more shares at $87.20 in a January 2026 private placement.

Investment exposure: NVIDIA is exposed to the value or credit of CoreWeave.
Investment dependence: CoreWeave relies on capital or credit support from NVIDIA.
Capital flows from NVIDIA to CoreWeave.

First verified evidence: Sep 15, 2025
Latest evidence: Jan 26, 2026

What the sources say

NVIDIA is a stockholder of CoreWeave.
“NVIDIA supplies the Company with NVIDIA GPUs and is a stockholder of the Company.”
CoreWeave (SEC filing), 8-K, Sep 15, 2025excerpt re-checked Oct 18, 2026
January 23, 2026: 22,935,780 shares sold to NVIDIA at $87.20, $2 billion in cash.
“On January 23, 2026, the Company completed the issuance and sale of 22,935,780 shares of the Company’s Class A common stock, par value $0.000005 per share (the “Shares”), pursuant to the Purchase Agreement, at a price of $87.20 per share for an aggregate purchase price of $2 billion in cash.”
CoreWeave (SEC filing), 8-K, Jan 26, 2026excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Unknown Not stated.
To CoreWeave: Unknown No share of CoreWeave’s capital is stated.

Amazon’s Anthropic stake: $8.0 billion of notes and $10.0 billion of preferred stockAmazon · Anthropic · 2023

Investment: notes and preferred stockActiveFiled with the SEC

$8.0 billion of convertible notes (2023 to 2025), $5.0 billion of Series G and $5.0 billion of Series H preferred stock (Q2 2026), and a financing facility with $15.0 billion still available.

Investment exposure: Amazon is exposed to the value or credit of Anthropic.
Investment dependence: Anthropic relies on capital or credit support from Amazon.
Capital flows from Amazon to Anthropic.

First verified evidence: Q3 2023
Latest evidence: Jul 31, 2026

What the sources say

$8.0 billion of convertible notes from Q3 2023 to Q4 2025.
“From Q3 2023 to Q4 2025, we invested $8.0 billion in convertible notes from Anthropic”
Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026
$5.0 billion of Series G nonvoting preferred stock in Q2 2026.
“In Q2 2026, we invested $5.0 billion in Anthropic Series G nonvoting preferred stock.”
Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026
$10.0 billion of nonvoting preferred stock in total in Q2 2026 (Series G and Series H).
“In Q2 2026, we also invested $10.0 billion in Anthropic nonvoting preferred stock.”
Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026
A facility of up to $20.0 billion, made available as compute milestones are delivered.
“we entered into a financing arrangement to make available to Anthropic an aggregate facility not to exceed $20.0 billion”
Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026
$5.0 billion of Series H preferred stock in Q2 2026, leaving $15.0 billion available under the facility.
“in Q2 2026, we exercised our option to participate in subsequent Anthropic equity financings by investing $5.0 billion in Anthropic Series H nonvoting preferred stock, which reduced the amount available under the facility to $15.0 billion.”
Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Amazon: Disclosed Upward adjustments of about $50.5 billion in Q2 2026 to Amazon’s Anthropic preferred stock, recorded in other income.
“We recorded upward adjustments of approximately $50.5 billion in Q2 2026 and $62.8 billion for the six months ended June 30, 2026 to our nonvoting preferred stock”
Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026
To Anthropic: Unknown Anthropic is private; no source states Amazon’s share of its funding.

Microsoft committed up to $5 billion to AnthropicMicrosoft · Anthropic · Nov 18, 2025

Investment: sharesPartly completedStated by both companies

Announced in November 2025; Anthropic says its February 2026 Series G included a portion of it. The amount invested so far is not stated.

Investment exposure: Microsoft is exposed to the value or credit of Anthropic.
Investment dependence: Anthropic relies on capital or credit support from Microsoft.
Capital flows from Microsoft to Anthropic.

First verified evidence: Nov 18, 2025
Latest evidence: Feb 12, 2026

What the sources say

Up to $5 billion (NVIDIA: up to $10 billion).
“NVIDIA and Microsoft are committing to invest up to $10 billion and up to $5 billion respectively in Anthropic.”
Microsoft (Official Microsoft Blog), Nov 18, 2025excerpt re-checked Oct 18, 2026
The Series G round included a portion of the investments from Microsoft and NVIDIA.
“This round also includes a portion of the previously announced investments from Microsoft and NVIDIA.”
Anthropic (newsroom), Feb 12, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Microsoft: Unknown Not stated.
To Anthropic: Unknown Anthropic is private.

NVIDIA committed up to $10 billion to AnthropicNVIDIA · Anthropic · Nov 18, 2025

Investment: sharesPartly completedStated by both companies

Announced in November 2025; Anthropic says its February 2026 Series G included a portion of it. The amount invested so far is not stated.

Investment exposure: NVIDIA is exposed to the value or credit of Anthropic.
Investment dependence: Anthropic relies on capital or credit support from NVIDIA.
Capital flows from NVIDIA to Anthropic.

First verified evidence: Nov 18, 2025
Latest evidence: Feb 12, 2026

What the sources say

Up to $10 billion.
“NVIDIA and Microsoft are committing to invest up to $10 billion and up to $5 billion respectively in Anthropic.”
Anthropic (newsroom), Nov 18, 2025excerpt re-checked Oct 18, 2026
The Series G round included a portion of the investments from Microsoft and NVIDIA.
“This round also includes a portion of the previously announced investments from Microsoft and NVIDIA.”
Anthropic (newsroom), Feb 12, 2026excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Unknown Not stated.
To Anthropic: Unknown Anthropic is private.

Micron invested in Anthropic’s Series HMicron · Anthropic · May 28, 2026

Investment: preferred stockActiveStated by one company

Anthropic named Micron, Samsung and SK hynix as strategic infrastructure investors in its May 2026 round; amounts are not stated.

Investment exposure: Micron is exposed to the value or credit of Anthropic.
Investment dependence: Anthropic relies on capital or credit support from Micron.
Capital flows from Micron to Anthropic.

First verified evidence: May 28, 2026
Latest evidence: May 28, 2026

What the sources say

A strategic infrastructure partner in the Series H round.
“Joining them are strategic infrastructure partners—Micron, Samsung, and SK hynix”
Anthropic (newsroom), May 28, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Micron: Unknown Not stated.
To Anthropic: Unknown Anthropic is private.

NVIDIA bought $5 billion of Intel sharesNVIDIA · Intel · Sep 15, 2025

Investment: sharesActiveFiled with the SEC

Agreed on September 15, 2025 and completed on December 26, 2025: 214,776,632 Intel shares at $23.28.

Investment exposure: NVIDIA is exposed to the value or credit of Intel.
Investment dependence: Intel relies on capital or credit support from NVIDIA.
Capital flows from NVIDIA to Intel.

First verified evidence: Sep 15, 2025
Latest evidence: Feb 25, 2026

What the sources say

214,776,632 shares for $5.0 billion, $23.28 a share (December 26, 2025).
“On December 26, 2025, Intel Corporation (the “Company”) completed the issuance and sale of 214,776,632 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), to NVIDIA Corporation (“NVIDIA”), for an aggregate purchase price in cash of $5.0 billion, representing a price per share of $23.28 per share.”
Intel (SEC filing), 8-K, Dec 29, 2025excerpt re-checked Oct 18, 2026
Under a purchase agreement dated September 15, 2025.
“dated September 15, 2025, between the Company and NVIDIA”
Intel (SEC filing), 8-K, Dec 29, 2025excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Described, no figure NVIDIA cites gains on the Intel investment among its other income, without a separate amount.
“including gains from our previously announced investment in Intel’s common stock”
NVIDIA (SEC filing), 10-K, Feb 25, 2026excerpt re-checked Oct 18, 2026
To Intel: Unknown No share of Intel’s capital is stated.

Infrastructure relationships (12)

OpenAI buys Azure; Microsoft recorded $24.1 billion of revenue from OpenAI in fiscal 2026Microsoft · OpenAI · 2019

InfrastructureActiveFiled with the SEC

OpenAI runs on Microsoft’s Azure cloud and pays Microsoft a revenue share. In October 2025 it contracted an incremental $250 billion of Azure services.

Infrastructure dependence: OpenAI depends on compute or data-center capacity from Microsoft.
Customer dependence: Microsoft depends on sales to OpenAI.
OpenAI pays Microsoft for compute or data-center capacity.

First verified evidence: 2019
Latest evidence: Jul 29, 2026

What the sources say

OpenAI contracted to buy an incremental $250 billion of Azure services; Microsoft gave up its right of first refusal as OpenAI’s compute provider.
“OpenAI has contracted to purchase an incremental $250B of Azure services, and Microsoft will no longer have a right of first refusal to be OpenAI’s compute provider.”
Microsoft (Official Microsoft Blog), Oct 28, 2025excerpt re-checked Oct 18, 2026

How much it matters

To Microsoft: Disclosed Revenue from commercial arrangements with OpenAI, including revenue-sharing payments: $24.1 billion in fiscal 2026; $6.0 billion receivable from OpenAI on June 30, 2026.
“For fiscal year 2026, we recorded revenue from commercial arrangements with OpenAI, inclusive of revenue-sharing payments, of $24.1 billion, and accounts receivable from OpenAI as of June 30, 2026 was $6.0 billion.”
Microsoft (SEC filing), 10-K, Jul 29, 2026excerpt re-checked Oct 18, 2026
To OpenAI: Unknown OpenAI is private; no source states what share of its compute runs on Azure.

OpenAI’s AWS commitment: $38 billion, expanded by $100 billion over 8 yearsAmazon · OpenAI · Nov 3, 2025

InfrastructureCommitted (future delivery)Filed with the SEC

A $38 billion AWS agreement from November 2025, expanded in Q1 2026 by $100 billion over eight years, including about 2 gigawatts of Amazon’s Trainium chips.

Infrastructure dependence: OpenAI depends on compute or data-center capacity from Amazon.
Customer dependence: Amazon depends on sales to OpenAI.
OpenAI pays Amazon for compute or data-center capacity.

First verified evidence: Nov 3, 2025
Latest evidence: Jul 31, 2026

What the sources say

A $38 billion multi-year agreement for AWS compute with hundreds of thousands of NVIDIA GPUs (November 3, 2025).
“Under this new $38 billion agreement, which will have continued growth over the next seven years, OpenAI is accessing AWS compute comprising hundreds of thousands of state-of-the-art NVIDIA GPUs”
Amazon (About Amazon), Nov 3, 2025excerpt re-checked Oct 18, 2026
Expanded in Q1 2026 by $100.0 billion over 8 years.
“In Q1 2026, AWS and OpenAI Group PBC (“OpenAI”) announced an expansion of the existing $38.0 billion multi-year commitment and commercial arrangement with OpenAI by $100.0 billion over 8.0 years”
Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026
The expansion includes OpenAI consuming about 2 gigawatts of Trainium capacity.
“The expansion includes OpenAI committing to consume approximately 2 gigawatts of Trainium capacity through AWS infrastructure”
Amazon and OpenAI (SEC filing exhibit), 8-K EX-99.1, Feb 27, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Amazon: Unknown Amazon gives the contract size but not OpenAI’s share of its revenue.
To OpenAI: Unknown OpenAI is private; no source states what share of its compute runs on AWS.

Oracle builds Stargate data centers for OpenAIOracle · OpenAI · Oct 14, 2025

InfrastructureActiveStated by both companies

Oracle’s cloud runs OpenAI’s flagship Stargate supercluster in Abilene, Texas, and a Michigan campus is being built exclusively for Oracle and OpenAI. No amount is disclosed.

Infrastructure dependence: OpenAI depends on compute or data-center capacity from Oracle.
Customer dependence: Oracle depends on sales to OpenAI.
OpenAI pays Oracle for compute or data-center capacity.

First verified evidence: Oct 14, 2025
Latest evidence: Jun 1, 2026

What the sources say

Oracle’s Zettascale10 fabric underpins the flagship supercluster built with OpenAI in Abilene, Texas.
“OCI Zettascale10 is the fabric underpinning the flagship supercluster built in collaboration with OpenAI in Abilene, Texas, as part of Stargate.”
Oracle (newsroom), Oct 14, 2025excerpt re-checked Oct 18, 2026
The Saline Township, Michigan campus is purpose-built exclusively for Oracle and OpenAI.
“The project, purpose-built exclusively for Oracle and OpenAI, is financed with equity from Related Digital and funds affiliated with Blackstone”
Oracle and OpenAI with project partners (joint release on oracle.com), Jun 1, 2026excerpt re-checked Oct 18, 2026
OpenAI describes Stargate as built in partnership with Oracle.
“OpenAI’s Stargate initiative, in partnership with Oracle, is expanding AI compute capacity across the United States”
Oracle and OpenAI with project partners (joint release on oracle.com), Jun 1, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Oracle: Unknown Oracle reports remaining performance obligations without naming customers, so no amount is attributed to OpenAI.
To OpenAI: Unknown OpenAI is private; no source states what share of its compute runs on Oracle.

OpenAI’s CoreWeave contracts: up to $11.9 billion and up to $6.5 billionCoreWeave · OpenAI · Mar 2025

InfrastructureActiveFiled with the SEC

Two filed contracts: up to $11.9 billion through October 2030 (March 2025) and up to $6.5 billion through May 31, 2031 (September 2025). CoreWeave calls OpenAI a significant customer.

Infrastructure dependence: OpenAI depends on compute or data-center capacity from CoreWeave.
Customer dependence: CoreWeave depends on sales to OpenAI.
OpenAI pays CoreWeave for compute or data-center capacity.

First verified evidence: Mar 2025
Latest evidence: Aug 12, 2026

What the sources say

March 2025: OpenAI committed to pay up to about $11.9 billion through October 2030.
“in March 2025, we entered into a master services agreement with OpenAI, a private company, pursuant to which OpenAI has committed to pay us up to approximately $11.9 billion through October 2030.”
CoreWeave (SEC filing), 10-K, Mar 2, 2026excerpt re-checked Oct 18, 2026
September 2025: OpenAI committed to pay up to about $6.5 billion through May 31, 2031.
“OpenAI has committed to pay the Company up to approximately $6.5 billion through May 31, 2031 under the Order Form.”
CoreWeave (SEC filing), 8-K, Sep 25, 2025excerpt re-checked Oct 18, 2026

How much it matters

To CoreWeave: Described, no figure CoreWeave expects OpenAI to be a significant customer but gives no share.
“we expect OpenAI to be a significant customer in future periods”
CoreWeave (SEC filing), 10-Q, Aug 12, 2026excerpt re-checked Oct 18, 2026
To OpenAI: Unknown OpenAI is private; no source states what share of its compute runs on CoreWeave.

SB Energy will lease the PORTS-Pike campus to OpenAI for 20 yearsSB Energy · OpenAI · Aug 17, 2026

InfrastructureCommitted (future delivery)Stated by both companies

SB Energy will build, own and operate a data-center campus in Ohio under a 20-year lease to OpenAI, the customer for 8 IT-gigawatts, coming online in phases from 2028.

Infrastructure dependence: OpenAI depends on compute or data-center capacity from SB Energy.
Customer dependence: SB Energy depends on sales to OpenAI.
OpenAI pays SB Energy for compute or data-center capacity.

First verified evidence: Aug 17, 2026
Latest evidence: Aug 17, 2026

What the sources say

A 20-year lease to OpenAI; SB Energy builds, owns and operates the campus.
“SB Energy will build, own and operate the data center under a 20-year lease to OpenAI.”
NVIDIA, SB Energy and OpenAI (joint release filed by NVIDIA), 8-K EX-99.1, Aug 17, 2026excerpt re-checked Oct 18, 2026
OpenAI is the customer for 8 IT-gigawatts.
“OpenAI will be the customer for 8-IT GW”
NVIDIA, SB Energy and OpenAI (joint release filed by NVIDIA), 8-K EX-99.1, Aug 17, 2026excerpt re-checked Oct 18, 2026
The capacity is planned to come online in phases from 2028.
“The planned capacity is expected to come online in phases beginning in 2028.”
NVIDIA, SB Energy and OpenAI (joint release filed by NVIDIA), 8-K EX-99.1, Aug 17, 2026excerpt re-checked Oct 18, 2026

How much it matters

To SB Energy: Unknown SB Energy is private; no source states its revenue split.
To OpenAI: Unknown OpenAI is private.

Microsoft was about 67% of CoreWeave’s 2025 revenueCoreWeave · Microsoft · 2023

InfrastructureActiveFiled with the SEC

Microsoft has been CoreWeave’s largest customer since 2023: 35% of revenue in 2023, 62% in 2024 and about 67% in 2025.

Infrastructure dependence: Microsoft depends on compute or data-center capacity from CoreWeave.
Customer dependence: CoreWeave depends on sales to Microsoft.
Microsoft pays CoreWeave for compute or data-center capacity.

First verified evidence: 2023
Latest evidence: Mar 2, 2026

What the sources say

Microsoft accounted for 35% and 62% of CoreWeave’s revenue in 2023 and 2024.
“For the years ended December 31, 2023 and 2024, our largest customer was Microsoft, which accounted for 35% and 62% of our revenue, respectively.”
CoreWeave (SEC filing), S-1/A, Mar 20, 2025excerpt re-checked Oct 18, 2026

How much it matters

To CoreWeave: Disclosed About 67% of CoreWeave’s revenue in 2025 came from Microsoft.
“We recognized an aggregate of approximately 67% of our revenue from our top customer, Microsoft, for the year ended December 31, 2025.”
CoreWeave (SEC filing), 10-K, Mar 2, 2026excerpt re-checked Oct 18, 2026
To Microsoft: Unknown Microsoft does not name CoreWeave in its annual report.

CoreWeave’s 10-Q for the quarter to June 30, 2026 reports its top customers only as letters (Customer A 36%), so that figure is not attributed to Microsoft.

Meta committed up to $21.0 billion to CoreWeaveCoreWeave · Meta Platforms · Sep 2025

InfrastructureCommitted (future delivery)Filed with the SEC

Meta committed up to about $14.2 billion in September 2025, then up to about $21.0 billion under a March 2026 order form, through 2032.

Infrastructure dependence: Meta Platforms depends on compute or data-center capacity from CoreWeave.
Customer dependence: CoreWeave depends on sales to Meta Platforms.
Meta Platforms pays CoreWeave for compute or data-center capacity.

First verified evidence: Sep 2025
Latest evidence: Aug 12, 2026

What the sources say

September 2025: up to about $14.2 billion through December 2031.
“in September 2025, we entered into an order form under an existing master services agreement pursuant to which Meta Platforms, Inc. ("Meta") initially committed to pay us up to approximately $14.2 billion through December 2031”
CoreWeave (SEC filing), 10-K, Mar 2, 2026excerpt re-checked Oct 18, 2026
March 2026: up to about $21.0 billion, including capacity through December 20, 2032.
“in March 2026, we entered into an order form under an existing master services agreement pursuant to which Meta Platforms, Inc. (“Meta”) initially committed to pay us up to approximately $21.0 billion (inclusive of access to new computing capacity through December 20, 2032”
CoreWeave (SEC filing), 10-Q, Aug 12, 2026excerpt re-checked Oct 18, 2026

How much it matters

To CoreWeave: Described, no figure CoreWeave expects Meta to be a significant customer but gives no share.
“we also expect Meta to be a significant customer in future periods”
CoreWeave (SEC filing), 10-Q, Aug 12, 2026excerpt re-checked Oct 18, 2026
To Meta Platforms: Unknown Meta does not name CoreWeave’s share of its spending.

NVIDIA must buy CoreWeave’s unsold capacity through April 2032CoreWeave · NVIDIA · Apr 10, 2023

InfrastructureActiveFiled with the SEC

Under a September 2025 order with an initial value of $6.3 billion, NVIDIA buys any CoreWeave capacity its other customers leave unused, through April 13, 2032.

Infrastructure dependence: NVIDIA depends on compute or data-center capacity from CoreWeave.
Customer dependence: CoreWeave depends on sales to NVIDIA.
NVIDIA pays CoreWeave for compute or data-center capacity.

First verified evidence: Apr 10, 2023
Latest evidence: Sep 15, 2025

What the sources say

A $6.3 billion order under a services agreement dated April 10, 2023.
“under the existing Master Services Agreement (“MSA”) dated as of April 10, 2023, which has an initial value of $6.3 billion”
CoreWeave (SEC filing), 8-K, Sep 15, 2025excerpt re-checked Oct 18, 2026
NVIDIA is obligated to purchase residual unsold capacity through April 13, 2032.
“NVIDIA is obligated to purchase the residual unsold capacity through April 13, 2032”
CoreWeave (SEC filing), 8-K, Sep 15, 2025excerpt re-checked Oct 18, 2026

How much it matters

To CoreWeave: Unknown No share of revenue is stated.
To NVIDIA: Unknown Not stated.

Anthropic committed more than $100 billion to AWS over 10 yearsAmazon · Anthropic · 2023

InfrastructureCommitted (future delivery)Filed with the SEC

Amazon is Anthropic’s primary training partner and cloud provider; in Q2 2026 the commitment grew by more than $100 billion over ten years, for up to 5 gigawatts.

Infrastructure dependence: Anthropic depends on compute or data-center capacity from Amazon.
Customer dependence: Amazon depends on sales to Anthropic.
Anthropic pays Amazon for compute or data-center capacity.

First verified evidence: 2023
Latest evidence: Jul 31, 2026

What the sources say

Anthropic has worked with Amazon since 2023.
“We have worked closely with Amazon since 2023”
Anthropic (newsroom), Apr 20, 2026excerpt re-checked Oct 18, 2026
Amazon is its primary training partner and cloud provider.
“We remain committed to our partnership with Amazon, our primary training partner and cloud provider”
Anthropic (newsroom), Oct 23, 2025excerpt re-checked Oct 18, 2026
Q2 2026: the multi-year commitment grew by more than $100.0 billion over 10 years.
“In Q2 2026, AWS and Anthropic announced an expansion of the strategic collaboration and existing multi-year commitment by more than $100.0 billion over 10.0 years”
Amazon (SEC filing), 10-Q, Jul 31, 2026excerpt re-checked Oct 18, 2026
Up to 5 gigawatts of capacity, nearly 1 gigawatt of Trainium2 and Trainium3 by the end of 2026.
“secure up to 5 gigawatts (GW) of capacity for training and deploying Claude, including new Trainium2 capacity coming online in the first half of this year and nearly 1GW total of Trainium2 and Trainium3 capacity coming online by the end of 2026.”
Anthropic (newsroom), Apr 20, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Amazon: Unknown Amazon gives the contract size but not Anthropic’s share of its revenue.
To Anthropic: Unknown Anthropic is private.

Anthropic runs on Google Cloud TPUs, with gigawatts more from 2027Alphabet (Google) · Anthropic · Feb 3, 2023

InfrastructureCommitted (future delivery)Stated by one company

Google Cloud has been an Anthropic cloud provider since February 2023; Anthropic planned up to one million TPUs (tens of billions of dollars) and signed for multiple gigawatts more from 2027.

Infrastructure dependence: Anthropic depends on compute or data-center capacity from Alphabet (Google).
Customer dependence: Alphabet (Google) depends on sales to Anthropic.
Anthropic pays Alphabet (Google) for compute or data-center capacity.

First verified evidence: Feb 3, 2023
Latest evidence: Apr 6, 2026

What the sources say

February 2023: Anthropic selected Google Cloud as its cloud provider.
“Anthropic, an AI safety and research company, has selected Google Cloud as its cloud provider.”
Anthropic (newsroom), Feb 3, 2023excerpt re-checked Oct 18, 2026
October 2025: up to one million TPUs, worth tens of billions of dollars, well over a gigawatt in 2026.
“The expansion is worth tens of billions of dollars and is expected to bring well over a gigawatt of capacity online in 2026.”
Anthropic (newsroom), Oct 23, 2025excerpt re-checked Oct 18, 2026
April 2026: multiple gigawatts of next-generation TPU capacity from 2027, with Google and Broadcom.
“We have signed a new agreement with Google and Broadcom for multiple gigawatts of next-generation TPU capacity that we expect to come online starting in 2027.”
Anthropic (newsroom), Apr 6, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Alphabet (Google): Unknown Alphabet does not name Anthropic’s share of its revenue.
To Anthropic: Unknown Anthropic is private.

Anthropic will access about 3.5 gigawatts through Broadcom from 2027Broadcom · Anthropic · Apr 6, 2026

InfrastructureCommitted (future delivery)Filed with the SEC

Broadcom says in an SEC filing that Anthropic will access about 3.5 gigawatts of TPU-based compute through Broadcom from 2027, and that its consumption depends on Anthropic’s continued commercial success.

Infrastructure dependence: Anthropic depends on compute or data-center capacity from Broadcom.
Customer dependence: Broadcom depends on sales to Anthropic.
Anthropic pays Broadcom for compute or data-center capacity.

First verified evidence: Apr 6, 2026
Latest evidence: Apr 6, 2026

What the sources say

About 3.5 gigawatts through Broadcom from 2027, part of Anthropic’s TPU commitment.
“Anthropic, beginning in 2027, will access through Broadcom approximately 3.5 gigawatts as part of the multiple gigawatts of next generation TPU-based AI compute capacity committed by Anthropic.”
Broadcom (SEC filing), 8-K, Apr 6, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Broadcom: Described, no figure Broadcom states the dependence directly: the capacity is consumed only if Anthropic keeps succeeding commercially.
“The consumption of such expanded AI compute capacity by Anthropic is dependent on Anthropic’s continued commercial success.”
Broadcom (SEC filing), 8-K, Apr 6, 2026excerpt re-checked Oct 18, 2026
To Anthropic: Unknown Anthropic is private.

Anthropic committed $30 billion to AzureMicrosoft · Anthropic · Nov 18, 2025

InfrastructureCommitted (future delivery)Stated by both companies

Anthropic committed to buy $30 billion of Azure compute capacity and to contract additional capacity up to one gigawatt.

Infrastructure dependence: Anthropic depends on compute or data-center capacity from Microsoft.
Customer dependence: Microsoft depends on sales to Anthropic.
Anthropic pays Microsoft for compute or data-center capacity.

First verified evidence: Nov 18, 2025
Latest evidence: Nov 18, 2025

What the sources say

$30 billion of Azure compute capacity and up to one gigawatt more.
“Anthropic has committed to purchase $30 billion of Azure compute capacity and to contract additional compute capacity up to one gigawatt.”
Microsoft (Official Microsoft Blog), Nov 18, 2025excerpt re-checked Oct 18, 2026
The capacity starts with up to one gigawatt of NVIDIA Grace Blackwell and Vera Rubin systems, delivered on Azure.
“Anthropic’s compute commitment will initially be up to one gigawatt of compute capacity with NVIDIA Grace Blackwell and Vera Rubin systems.”
Anthropic (newsroom), Nov 18, 2025excerpt re-checked Oct 18, 2026

How much it matters

To Microsoft: Unknown Microsoft’s annual report does not name Anthropic.
To Anthropic: Unknown Anthropic is private.

Anthropic buys this capacity from Microsoft; the sources do not describe a direct purchase from NVIDIA, so no NVIDIA supply link is drawn for it.

Supplier relationships (11)

OpenAI plans at least 10 gigawatts of NVIDIA systemsNVIDIA · OpenAI · Sep 22, 2025

SupplierAnnounced, not confirmedFiled with the SEC

A September 2025 letter of intent: OpenAI to deploy at least 10 gigawatts of NVIDIA systems, with NVIDIA intending to invest up to $100 billion as they are deployed. NVIDIA’s filings do not confirm a final agreement.

Supplier dependence: OpenAI depends on chips or parts from NVIDIA.
Customer dependence: NVIDIA depends on sales to OpenAI.
OpenAI pays NVIDIA for chips or parts (announced, not confirmed).

First verified evidence: Sep 22, 2025
Latest evidence: Aug 17, 2026

What the sources say

A letter of intent for at least 10 gigawatts of NVIDIA systems for OpenAI.
“Strategic partnership enables OpenAI to build and deploy at least 10 gigawatts of AI data centers with NVIDIA systems representing millions of GPUs for OpenAI’s next-generation AI infrastructure.”
NVIDIA (newsroom), Sep 22, 2025excerpt re-checked Oct 18, 2026
NVIDIA intends to invest up to $100 billion in OpenAI, step by step as each gigawatt is deployed.
“To support the partnership, NVIDIA intends to invest up to $100 billion in OpenAI progressively as each gigawatt is deployed.”
NVIDIA (newsroom), Sep 22, 2025excerpt re-checked Oct 18, 2026
February 2026: NVIDIA was finalizing an investment and partnership agreement, with no assurance of completion.
“We are finalizing an investment and partnership agreement with OpenAI. There is no assurance that we will enter into an investment and partnership agreement with OpenAI or that a transaction will be completed.”
NVIDIA (SEC filing), 10-K, Feb 25, 2026excerpt re-checked Oct 18, 2026
August 2026: OpenAI will be the customer of the PORTS-Pike campus in Ohio, which will host only NVIDIA AI compute.
“NVIDIA will be the exclusive AI compute infrastructure provider at PORTS-Pike”
NVIDIA, SB Energy and OpenAI (joint release filed by NVIDIA), 8-K EX-99.1, Aug 17, 2026excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Unknown NVIDIA does not name OpenAI among its customers’ revenue shares.
To OpenAI: Unknown OpenAI is private; no source states what share of its chips come from NVIDIA.

NVIDIA’s 10-Q for the quarter to July 26, 2026 no longer repeats the "finalizing" sentence and does not name an OpenAI investment. Press reports of a $30 billion NVIDIA investment in OpenAI are listed under "Not included".

OpenAI agreed to deploy 6 gigawatts of AMD GPUsAMD · OpenAI · Oct 6, 2025

SupplierCommitted (future delivery)Filed with the SEC

A definitive multi-generation agreement; the first gigawatt of AMD Instinct MI450 GPUs is due from the second half of 2026. AMD expects tens of billions of dollars of revenue from it.

Supplier dependence: OpenAI depends on chips or parts from AMD.
Customer dependence: AMD depends on sales to OpenAI.
OpenAI pays AMD for chips or parts.

First verified evidence: Oct 6, 2025
Latest evidence: Oct 6, 2025

What the sources say

A 6 gigawatt agreement across multiple generations of AMD Instinct GPUs.
“AMD (NASDAQ: AMD) and OpenAI today announced a 6 gigawatt agreement to power OpenAI’s next-generation AI infrastructure across multiple generations of AMD Instinct GPUs.”
AMD and OpenAI (SEC filing exhibit), 8-K EX-99.1, Oct 6, 2025excerpt re-checked Oct 18, 2026
The first 1 gigawatt of MI450 GPUs is set to begin in the second half of 2026.
“The first 1 gigawatt deployment of AMD Instinct MI450 GPUs is set to begin in the second half of 2026.”
AMD and OpenAI (SEC filing exhibit), 8-K EX-99.1, Oct 6, 2025excerpt re-checked Oct 18, 2026

How much it matters

To AMD: Company expectation AMD’s CFO expects the partnership to deliver tens of billions of dollars of revenue (an expectation, not a result).
“Our partnership with OpenAI is expected to deliver tens of billions of dollars in revenue for AMD”
AMD and OpenAI (SEC filing exhibit), 8-K EX-99.1, Oct 6, 2025excerpt re-checked Oct 18, 2026
To OpenAI: Unknown OpenAI is private; no source states what share of its chips come from AMD.

Broadcom builds OpenAI’s own AI chipsBroadcom · OpenAI · Jun 24, 2026

SupplierActiveStated by both companies

OpenAI designs its accelerators (the first is Jalapeño) and Broadcom supplies the silicon implementation and networking, for initial deployment by the end of 2026. No amount is disclosed.

Supplier dependence: OpenAI depends on chips or parts from Broadcom.
Customer dependence: Broadcom depends on sales to OpenAI.
The sources do not say who pays whom for this link, so no money flow is drawn.

First verified evidence: Jun 24, 2026
Latest evidence: Jun 24, 2026

What the sources say

Jalapeño is the first accelerator of a multi-generation platform the two companies are building together.
“the first AI accelerator in a multi-generation compute platform the companies are building together”
Broadcom and OpenAI (joint release on broadcom.com), Jun 24, 2026excerpt re-checked Oct 18, 2026
Initial deployment is planned by the end of 2026, combining OpenAI-designed accelerators with Broadcom silicon, networking and connectivity.
“Jalapeño is the first step in a multi-generation compute platform designed for initial deployment by the end of 2026”
Broadcom and OpenAI (joint release on broadcom.com), Jun 24, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Broadcom: Unknown Broadcom does not name OpenAI’s share of its revenue.
To OpenAI: Unknown OpenAI is private; no source states the size of the program.

Who pays for the deployments is not stated: Broadcom says they are built with Microsoft and other data-center partners. The map draws the supply link without a money arrow.
An October 2025 announcement of the collaboration (reported as 10 gigawatts) could not be read from Broadcom’s investor site by Boostio’s server, so its figures are not shown.

Every GPU in CoreWeave’s cloud is an NVIDIA GPUNVIDIA · CoreWeave · Sep 15, 2025

SupplierActiveFiled with the SEC

CoreWeave buys its GPUs from NVIDIA; its customer contracts specify NVIDIA GPUs.

Supplier dependence: CoreWeave depends on chips or parts from NVIDIA.
Customer dependence: NVIDIA depends on sales to CoreWeave.
CoreWeave pays NVIDIA for chips or parts.

First verified evidence: Sep 15, 2025
Latest evidence: Aug 12, 2026

What the sources say

NVIDIA supplies CoreWeave with GPUs and is a stockholder.
“In addition to the MSA, NVIDIA supplies the Company with NVIDIA GPUs and is a stockholder of the Company.”
CoreWeave (SEC filing), 8-K, Sep 15, 2025excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Unknown NVIDIA does not name CoreWeave’s share of its revenue.
To CoreWeave: Disclosed All of the GPUs in CoreWeave’s infrastructure are NVIDIA GPUs.
“all of the GPUs used in our infrastructure today are NVIDIA GPUs”
CoreWeave (SEC filing), 10-Q, Aug 12, 2026excerpt re-checked Oct 18, 2026

Meta intends to deploy up to 6 gigawatts of AMD GPUsAMD · Meta Platforms · Feb 2026

SupplierCommitted (future delivery)Filed with the SEC

A multi-year agreement signed in February 2026, the first gigawatt on AMD Instinct MI450.

Supplier dependence: Meta Platforms depends on chips or parts from AMD.
Customer dependence: AMD depends on sales to Meta Platforms.
Meta Platforms pays AMD for chips or parts.

First verified evidence: Feb 2026
Latest evidence: Aug 5, 2026

What the sources say

Each of OpenAI and Meta intends to deploy up to 6 gigawatts of AMD data-center GPUs.
“under which each customer intends to deploy up to 6 gigawatts of AMD data center GPUs, with the first gigawatt of each deployment powered by our AMD Instinct MI450 series products.”
AMD (SEC filing), 10-Q, Aug 5, 2026excerpt re-checked Oct 18, 2026

How much it matters

To AMD: Unknown No share of revenue is stated.
To Meta Platforms: Unknown Not stated.

Oracle’s largest AI clusters run on NVIDIA GPUsNVIDIA · Oracle · Oct 14, 2025

SupplierActiveStated by one company

Oracle’s Zettascale10 clusters connect hundreds of thousands of NVIDIA GPUs, with deployments of up to 800,000.

Supplier dependence: Oracle depends on chips or parts from NVIDIA.
Customer dependence: NVIDIA depends on sales to Oracle.
Oracle pays NVIDIA for chips or parts.

First verified evidence: Oct 14, 2025
Latest evidence: Oct 14, 2025

What the sources say

Hundreds of thousands of NVIDIA GPUs across multiple data centers.
“OCI Zettascale10 connects hundreds of thousands of NVIDIA GPUs across multiple data centers”
Oracle (newsroom), Oct 14, 2025excerpt re-checked Oct 18, 2026
Initial deployments of up to 800,000 NVIDIA GPUs.
“Initially, OCI Zettascale10 clusters will target deployments of up to 800,000 NVIDIA GPUs”
Oracle (newsroom), Oct 14, 2025excerpt re-checked Oct 18, 2026

How much it matters

To NVIDIA: Unknown Not stated.
To Oracle: Unknown Oracle does not state NVIDIA’s share of its purchases.

Broadcom develops and supplies Google’s future TPUsBroadcom · Alphabet (Google) · Apr 6, 2026

SupplierCommitted (future delivery)Filed with the SEC

A long-term agreement for Broadcom to develop and supply custom TPUs for future generations, and to supply networking components for Google’s AI racks through 2031.

Supplier dependence: Alphabet (Google) depends on chips or parts from Broadcom.
Customer dependence: Broadcom depends on sales to Alphabet (Google).
Alphabet (Google) pays Broadcom for chips or parts.

First verified evidence: Apr 6, 2026
Latest evidence: Apr 6, 2026

What the sources say

Custom TPUs for Google’s future generations and networking components through up to 2031.
“have entered into a Long Term Agreement for Broadcom to develop and supply custom Tensor Processing Units (“TPUs”) for Google’s future generations of TPUs and a Supply Assurance Agreement for Broadcom to supply networking and other components to be used in Google’s next-generation AI racks through up to 2031.”
Broadcom (SEC filing), 8-K, Apr 6, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Broadcom: Unknown No share of revenue is stated.
To Alphabet (Google): Unknown Not stated.

TSMC makes NVIDIA’s chipsTSMC · NVIDIA · Feb 25, 2026

SupplierActiveFiled with the SEC

NVIDIA uses foundries such as TSMC and Samsung to produce its wafers.

Supplier dependence: NVIDIA depends on chips or parts from TSMC.
Customer dependence: TSMC depends on sales to NVIDIA.
NVIDIA pays TSMC for chips or parts.

First verified evidence: Feb 25, 2026
Latest evidence: Feb 25, 2026

What the sources say

NVIDIA uses foundries such as TSMC and Samsung for its wafers.
“We utilize foundries, such as Taiwan Semiconductor Manufacturing Company Limited, or TSMC, and Samsung Electronics Co., Ltd., or Samsung, to produce our semiconductor wafers.”
NVIDIA (SEC filing), 10-K, Feb 25, 2026excerpt re-checked Oct 18, 2026

How much it matters

To TSMC: Unknown Not stated in the sources reviewed.
To NVIDIA: Unknown NVIDIA does not state TSMC’s share of its wafers.

AMD relies on TSMC for all its leading-edge wafersTSMC · AMD · Feb 4, 2026

SupplierActiveFiled with the SEC

All AMD microprocessor and GPU wafers at 7 nanometers or smaller come from TSMC.

Supplier dependence: AMD depends on chips or parts from TSMC.
Customer dependence: TSMC depends on sales to AMD.
AMD pays TSMC for chips or parts.

First verified evidence: Feb 4, 2026
Latest evidence: Feb 4, 2026

What the sources say

TSMC produces all wafers for AMD’s microprocessors and GPUs at 7 nm or smaller.
“We rely on Taiwan Semiconductor Manufacturing Company Limited (TSMC) for the production of all wafers for microprocessor and GPU products at 7 nanometer (nm) or smaller nodes”
AMD (SEC filing), 10-K, Feb 4, 2026excerpt re-checked Oct 18, 2026

How much it matters

To TSMC: Unknown Not stated in the sources reviewed.
To AMD: Disclosed All of AMD’s microprocessor and GPU wafers at 7 nm or smaller.
“for the production of all wafers for microprocessor and GPU products at 7 nanometer (nm) or smaller nodes”
AMD (SEC filing), 10-K, Feb 4, 2026excerpt re-checked Oct 18, 2026

Broadcom outsources most of its wafer manufacturing, including to TSMCTSMC · Broadcom · Dec 18, 2025

SupplierActiveFiled with the SEC

Most of Broadcom’s front-end wafer manufacturing is done by external foundries, including TSMC.

Supplier dependence: Broadcom depends on chips or parts from TSMC.
Customer dependence: TSMC depends on sales to Broadcom.
Broadcom pays TSMC for chips or parts.

First verified evidence: Dec 18, 2025
Latest evidence: Dec 18, 2025

What the sources say

The majority of front-end wafer manufacturing is outsourced to foundries including TSMC.
“The majority of our front-end wafer manufacturing operations is outsourced to external foundries, including Taiwan Semiconductor Manufacturing Company Limited”
Broadcom (SEC filing), 10-K, Dec 18, 2025excerpt re-checked Oct 18, 2026

How much it matters

To TSMC: Unknown Not stated in the sources reviewed.
To Broadcom: Described, no figure A majority of wafer manufacturing is outsourced, but TSMC’s own share is not stated.

Micron supplies NVIDIA’s memoryMicron · NVIDIA · Feb 25, 2026

SupplierActiveFiled with the SEC

NVIDIA buys memory from SK Hynix, Micron and Samsung.

Supplier dependence: NVIDIA depends on chips or parts from Micron.
Customer dependence: Micron depends on sales to NVIDIA.
NVIDIA pays Micron for chips or parts.

First verified evidence: Feb 25, 2026
Latest evidence: Feb 25, 2026

What the sources say

NVIDIA buys memory from SK Hynix, Micron and Samsung.
“We purchase memory from SK Hynix Inc., Micron Technology, Inc., and Samsung.”
NVIDIA (SEC filing), 10-K, Feb 25, 2026excerpt re-checked Oct 18, 2026

How much it matters

To Micron: Unknown Not stated in the sources reviewed.
To NVIDIA: Unknown NVIDIA does not state Micron’s share.

Research question

Do linked stocks react late to each other's news?

Collecting

A classic finding (Cohen and Frazzini, 2008) is that stock prices of suppliers did not promptly reflect news about their main customers. Whether that holds for this network today is unproven, so Boostio tests it forward, on paper, with rules fixed before the first event: LEADLAG-1. Collecting since Oct 19, 2026: day 4.

Events recorded

results or material agreements since the start

Measured

of 30 needed for a first read

Waiting for prices

five sessions must close first

Earliest read

Jan 17, 2027

and only with 30+ measured events

No statistic is shown before the read rule is met. Then the page will show the average delayed move of linked companies against the market and against unlinked peers, after costs, with its 95% interval, including if it is negative.

Events: 8-K results (Item 2.02) or material agreements (Item 1.01) from a listed company in the network, timed by the SEC acceptance time.
Linked companies: listed companies with a sourced relationship to the filer known before the filing; frozen when the event is recorded, never back-filled.
Measure: the filer's move on the event day (1% or more beyond the market), then each linked stock's move over the next 5 sessions in the same direction, beyond the market (SPY) and beyond unlinked peers, minus 0.12% of trading costs.
Paper research only: it opens no position and sends no alert. Amazon has no listed links in this network, so its filings are not part of the study.

Boundaries

What is not on the map, and why

The idea source, not evidence

An Instagram carousel arguing that investment into AI developers and their purchases from chip and cloud providers form circular funding dependencies, with shared downside if funding or demand slows. Instagram post by Derek and Dakota

Its network chart gives no source, date or size for any relationship and no legend for its arrows, and it ends by promoting the authors’ own business, not a trading system. Boostio used it as an idea only and rebuilt every link from primary sources.

Reported, but not confirmed by a primary source

NVIDIA invested $30 billion in OpenAI’s 2026 funding round. Reported by the press in March 2026. NVIDIA’s 10-K (February 2026) said it was still finalizing an investment and partnership agreement with OpenAI, with no assurance of completion, and its 10-Q for the quarter to July 26, 2026 names no OpenAI investment. OpenAI’s own announcement could not be read from Boostio’s server. Not shown until a primary source can be read.
Oracle’s large cloud contracts include about $300 billion from OpenAI. Press reports only. Oracle reports remaining performance obligations ($455 billion in its September 9, 2025 results) without naming customers, so no amount is attributed to OpenAI.
OpenAI and Broadcom agreed on 10 gigawatts of custom accelerators (October 2025). The October 13, 2025 release is on Broadcom’s investor site, which did not answer Boostio’s server, and OpenAI’s site blocks automated reads. The relationship is included from the June 24, 2026 joint release, which gives no amount.
Google owns a stake in Anthropic. No primary source reviewed here states it, and Alphabet’s 2025 to 2026 filings checked do not name Anthropic. Only the compute relationship is included.
Other verified AI compute deals, such as Anthropic’s May 2026 agreement to use SpaceX’s Colossus 1 data center or CoreWeave’s contract with Jane Street. Outside this first network, which covers the funding and compute circle around OpenAI and Anthropic. They are left for a later version.
The idea source’s revenue, IPO timing, valuation, crash-analogy and "fake demand" claims. Not verified (see the review of the post). Capital that circulates between investors, AI developers and suppliers is not by itself evidence of fake demand or wrongdoing.

Method and data

Rules written before the first run

Sources

SEC EDGAR filings (10-K, 10-Q, 8-K and exhibits, S-1) and the companies' own newsrooms. 37 sources, each read in full; the excerpt that supports a link is stored word for word and searched again every week. A changed source is flagged and waits for a reviewed catalog version.

Events and prices

Filing events come from SEC EDGAR, timed by the acceptance time on each filing's index page. Daily closes for the forward study come from Nasdaq.com, counted only once final (8 pm New York). Prices through Oct 22, 2026.

What it is not

Not a trading system, not a forecast and not advice. Exposure means a sourced connection, not a predicted loss. No broker, no order, no position, no real money. Rules: BESTIES-v1 and LEADLAG-1, versioned and dated.

Questions

Stock Besties, answered

What is Stock Besties?

A research map of business dependencies in the AI build-out: who invests in whom, who buys from whom, who supplies whom and who runs on whose data centers. Every link is backed by an SEC filing or the companies’ own releases, shown with a verbatim excerpt, its date and a link.

How is it different from Stock Trade Twins?

Stock Trade Twins looks for rival stocks whose prices move together. Stock Besties maps companies that depend on each other’s business. The two questions are separate: a business link is not price correlation, and a price relationship says nothing about who depends on whom.

If two companies are linked, will one stock follow the other?

Not necessarily. Economic linkage is not a promise that prices move together or converge. Whether linked companies react to each other’s news with a delay is an open research question: Boostio is measuring it forward from October 19, 2026 (LEADLAG-1) and shows no statistic until there are at least 30 measured events and 90 days of evidence.

Does money going in circles mean AI demand is fake?

No. Investment-funded purchases are legitimate business, and capital moving between investors, AI developers and suppliers is not evidence of fake demand or wrongdoing. The map shows it as what it is: shared exposure, where trouble at one company would reach the others through sourced relationships.

Why do OpenAI and Anthropic have no ticker?

They are private companies. They appear as information nodes so their partners’ exposure is visible, but they have no listed shares, so Boostio shows no price or market value for them and they cannot be picked as holdings.

How much does each relationship matter?

Only as much as a source says. When a filing states a share (for example, CoreWeave reporting that Microsoft was about 67% of its 2025 revenue) Boostio quotes it; otherwise it says "unknown". Boostio never estimates exposure percentages.

Related: Stock Trade Twins, rival stocks whose prices move together, and the AI Bottleneck Radar, where the AI build-out could run short. Companies: OpenAI, Anthropic, Microsoft, Amazon, Alphabet (Google), Oracle, CoreWeave, SB Energy, Meta Platforms, NVIDIA, AMD, Broadcom, Intel, Micron, TSMC, SoftBank Group.

Follow the research behind the map

Boostio is a research-first platform in private beta: crypto candidates, daily market stories, public paper trading, rival stocks and now company dependencies. These research pages stay free and open.

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