As Claude Revolutionizes Agentic AI, Watch These 4 Undervalued Mid-Cap Stocks with Strong Upside as Key Stakeholders

The rapid evolution of Anthropic and its Claude agent is reshaping the existing order, repeatedly disrupting the traditional SaaS industry and now exerting even greater influence than OpenAI. With a stronger focus on enterprise workflows, autonomous systems, coding, and professional solutions at much lower cost, the AI startup has reached annualized revenue exceeding $30 billion, more than tripling from $9 billion at the end of 2025, and this is only the beginning. As a potential IPO could arrive as early as late 2026, the current $380 billion valuation still appears well underappreciated. While direct exposure remains limited, the tightly connected ecosystem of infrastructure, networking, and security partners is beginning to draw more attention, with 4 of these mid-cap names still attractive and arguably undervalued, suggesting substantial upside potential.

Astera Labs (ALAB) plays a critical role in the GPU ecosystem, with its advanced rack-scale connectivity solutions applied to Nvidia Blackwell and Rubin platforms, Amazon Web Services Trainium chips, and the mix of custom ASICs and standard GPUs, significantly expanding its addressable market. AWS is Anthropic's primary cloud provider, serving as an early cornerstone investor while deploying Trainium chips to train and run Claude models.

Astera Labs is deeply embedded in this ecosystem through its involvement in Trainium training chips and Inferentia inference chips. Its $6.5 billion warrant agreement with Amazon to support AWS data center expansion further reinforces its long-term positioning. With such strong ties to AWS, the company is closely linked to Claude's growth trajectory. Investors also cannot rule out future adoption within Google TPU systems, especially as Anthropic recently signed a multi-gigawatt capacity deal involving Google and Broadcom through 2027.

While this is not a direct commercial relationship with Anthropic, it represents a structural dependency. Every increase in Claude usage drives demand for AI servers, which in turn boosts demand for Astera's solutions. Fundamentally, this positions the company as a second-order beneficiary of Anthropic's expansion. Technically, the stock has rebounded from recent lows and is approaching key resistance levels. With shares still down significantly from last September's peak, the setup suggests meaningful upside potential.

Credo Technology Group (CRDO) operates in a similar layer, focusing on high-speed connectivity and optical interconnects. Amazon remains its largest customer, accounting for roughly 40% of revenue, primarily tied to data center buildouts. Claude's agentic capabilities require real-time data exchange across distributed systems, driving exponential growth in bandwidth demand both within and between data centers, placing Credo in a favorable position.

It is also worth noting that Amazon previously represented around 60% of revenue. The declining concentration, combined with more than 200%+ revenue growth, suggests that additional hyperscalers are expanding network capacity to support AI workloads. As a result, Credo benefits from broader adoption of its interconnect technologies.

Similar to Astera, the stock has rebounded from recent lows but remains within a lower-high structure. A breakout above prior highs would signal a more constructive trend. Until then, the setup reflects an early-stage recovery with improving momentum.

The rapid adoption of Claude-powered solutions has triggered concern across the software sector, including cybersecurity. The latest model, Claude Mythos, highlights a new level of risk, with capabilities that significantly enhance the discovery and exploitation of security vulnerabilities, initially pressuring security stocks.

However, this reaction appears misplaced. As AI introduces more complex threats, the importance of cybersecurity platforms increases rather than diminishes. Enterprises will require stronger protection frameworks and higher levels of confidence. AI may act as both attacker and defender, but this dual role ultimately strengthens demand for leading security providers.

Companies such as CrowdStrike (CRWD) and Palo Alto Networks (PANW) are well positioned in this shift. Anthropic itself has acknowledged these risks and on Tuesday launched a cybersecurity initiative with major technology firms, including Microsoft and Apple, with CrowdStrike and Palo Alto Networks participating.

Claude's advanced capabilities allow it to identify vulnerabilities and simulate attack pathways, creating both risks and opportunities. Through direct collaboration, these cybersecurity leaders are integrating Claude into their platforms to enhance threat detection, automate responses, and build AI-native defense systems.

This positions both firms at the forefront of AI-driven cybersecurity, where demand is expected to accelerate as enterprises adopt agentic AI. Fundamentally, this expands their addressable markets while reinforcing recurring revenue models. From a technical perspective, recent declines driven by disruption fears have not broken the broader higher-low structure. In our view, this resembles a buy-the-dip setup, consistent with prior pullbacks.

As agentic AI transitions from early adoption to enterprise standard, demand for robust infrastructure and security will continue to rise. This creates a powerful feedback loop in which Anthropic's success amplifies growth across its ecosystem partners.