Jim Cramer Says 'This Is Not A Circular Deal' As Amazon, Anthropic Lock In Massive $100 Billion AI Pact: 'Isn't It Possible That Everyone Wins?'

On Monday, Jim Cramer pushed backmost against increasing concerns implicit the circular AI deals arsenic Amazon.com, Inc. and Anthropic unveiled a semipermanent concern centered connected unreality and artificial quality infrastructure.

Amazon said Anthropic has committed to spending much than $100 cardinal connected its unreality platform, Amazon Web Services, implicit the adjacent decennary to enactment the grooming and deployment of precocious AI models.

The statement includes entree to Amazon's upcoming Trainium3 chips, expected to travel online aboriginal this year.

The tech elephantine is besides deepening its fiscal ties with Anthropic, announcing an further $5 cardinal investment, with up to $20 cardinal much tied to show milestones.

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This builds connected the $8 cardinal Amazon had already invested successful the company.

The operation of the woody has sparked statement due to the fact that it resembles what analysts picture arsenic "circular" arrangements—where companies put successful each different portion simultaneously acting arsenic large customers.

Cramer dismissed those concerns, writing, "This is not a circular deal," adding, "Isn't it imaginable that everyone wins?"

Isn't it imaginable that everyone wins? I ran a dotcom institution saying nary to circular deals. This is not a circular woody https://t.co/mrIpV45qLC

— Jim Cramer (@jimcramer) April 20, 2026

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Amazon and Anthropic did not instantly respond to Benzinga's petition for comments.

Still, akin arrangements crossed the AI assemblage person drawn scrutiny. For instance, past year, OpenAI struck large agreements with chipmakers similar Nvidia Corp and Advanced Micro Devices, Inc., blending concern with large-scale purchasing commitments.

Critics pass that specified deals tin lucifer "round-tripping," a signifier wherever companies speech funds oregon purchases successful ways that whitethorn inflate gross without reflecting existent economical demand.

Industry observers enactment that the AI roar is forcing a tiny radical of companies to trust heavy connected 1 different for some superior and computing power, creating tightly interlinked fiscal relationships.

Supporters, however, reason that the request is real. Building and scaling AI systems requires monolithic infrastructure and partnerships similar Amazon and Anthropic's, which whitethorn simply bespeak the tremendous costs of staying competitory successful the race.