U.S. Data Center Rules, Anthropic Roadshow: Which Companies Stand to Gain? [Click e Stock]

Data Center Regulations and Anthropic IPO as Market Wild Cards
Enterprise AI Services in Focus... "Recurring Revenue and Profits"
Domestic Companies Also Expected to Benefit

Data center regulations expected to gain momentum after the U.S. midterm elections and the IPO of AI company Anthropic could shake the market in the short term. However, analysts say new opportunities will emerge as AI is put to work in real-world operations. They expect the benefits to extend beyond semiconductor stocks to companies that generate recurring revenue by building and operating enterprise AI systems.

On the 10th, Kim Dooeon, a researcher at Hana Securities, said investors should pay attention to IT services companies of this kind. Concerns have grown that AI investment could be curbed after candidates campaigning for tougher regulations won in the U.S. midterm elections. Kim said the greater risks were delays in construction, higher costs and relocation to other areas, rather than the outright cancellation of projects. Local governments, he added, would find it difficult to turn away the tax revenue generated by data centers. Loudoun County, Virginia, expects to collect about $1.3 billion in data center-related property taxes in fiscal 2027. This suggests a compromise may be possible: protecting tax revenue while easing the burden on residents.

The listing of Anthropic, which developed the AI model Claude, presents another test. A roadshow is an opportunity for a company to present itself to institutional investors and gauge their interest in investing. The roadshow schedule could still be delayed. Anthropic's third-quarter revenue was about $16.96 billion, up 46.7% from the previous quarter, while its operating loss was about $567 million.

Kim said that if the IPO raises sufficient funds, infrastructure suppliers could also be less concerned about collecting payments. Conversely, a delay or reduction in the offering could weigh on server orders. Investors seeking to participate in the IPO may also sell existing AI and semiconductor stocks to raise funds. In other words, a successful listing would not necessarily lead to immediate share price gains across all related stocks.

The next area to watch is companies' offices. At the end of September, the number of Anthropic customers generating more than $100,000 in revenue over the previous 12 months exceeded 11,900. The Claude Marketplace has more than 2,000 connectors and plug-ins, and offers an environment where customers can use a portion of their committed spending to purchase third-party products built on Claude. Kim said, "Following Anthropic's listing, recurring revenue from work integration and the management of access rights and costs will grow," adding, "In the United States, companies providing data connectivity, implementation and operations, as well as authentication and authorization, will benefit."

Among domestic candidates, Kim named Samsung SDS and LG CNS. Samsung SDS has established a system that covers everything from supplying Claude to building and operating services and providing technical support. LG CNS has signed a contract to adopt Claude Enterprise and plans to extend its experience gained within the company and the LG Group to external businesses. The key question is whether its adoption experience within the group will lead to paid contracts with external customers.

Of course, adding AI does not automatically increase profits. Kim noted that AI could instead reduce IT implementation projects that require human labor or the number of paid software accounts. "We need to check whether the number of external customers paying to use AI in real-world operations, beyond trial deployments, is growing; whether operating revenue is recurring; and whether profits remain after paying to use AI models," he said.

This content was produced with the assistance of AI translation services.