$SNDK net income growth is absolutely nuts:
• Q3 2025: $0.1B
• Q4 2025: $0.8B
• Q1 2026: $3.6B
• Q2 2026: $6.9B
In the same period quarterly revenue grew from $2.30B → $6.65B
• Q3 2025: $0.1B
• Q4 2025: $0.8B
• Q1 2026: $3.6B
• Q2 2026: $6.9B
In the same period quarterly revenue grew from $2.30B → $6.65B
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14
130
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Overview of 20 Neoclouds and their net debt:
Low:
• $DGXX: -$0.1B
• $SLNH: -$0.1B
• $GPUS: $0.1B
• $HIVE: $0.2B
• $WYFI: $0.3B
• $RUM: $0.3B
• $KEEL: $0.3B
• $DOCN: $1.2B
• $OVH: $1.5B
• $BTDR: $1.5B
• $IREN: $1.9B
Medium:
• $NBIS: $2.1B
• $WULF: $2.6B
• $CORZ: $GLXY: $4.2B
• $CIFR: $4.8B
• $HUT: $7.8B
High:
• $CRWV: $46.1B
• $ORCL: $132.1B
Low:
• $DGXX: -$0.1B
• $SLNH: -$0.1B
• $GPUS: $0.1B
• $HIVE: $0.2B
• $WYFI: $0.3B
• $RUM: $0.3B
• $KEEL: $0.3B
• $DOCN: $1.2B
• $OVH: $1.5B
• $BTDR: $1.5B
• $IREN: $1.9B
Medium:
• $NBIS: $2.1B
• $WULF: $2.6B
• $CORZ: $GLXY: $4.2B
• $CIFR: $4.8B
• $HUT: $7.8B
High:
• $CRWV: $46.1B
• $ORCL: $132.1B
Elon’s comments on Neocloud financing highlight how just a few will make it as financing gets more difficult.
Having access to financing is a real competitive advantage for Neoclouds.
Neoclouds with the best and worst debt-to-equity ratios:
20
30
183
22,845
Anthropic ARR has gone vertical after they cut token prices.
Lower prices > more demand > more compute > bullish AI stocks.
Lower prices > more demand > more compute > bullish AI stocks.
Anthropic's S-1 highlights:
Financials:
• $16.3B H1 revenue (+1300%)
• $131.7B cash
• $974M operating profit
Enterprise:
• 11,900 customers spending $100K+
• 900% net revenue retention
• $10.8B contracted revenue
Spending:
• $8.95B H1 compute expenses
• $265.6B future contract commitments
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6
49
6,705
Anthropic's S-1 highlights:
Financials:
• $16.3B H1 revenue (+1300%)
• $131.7B cash
• $974M operating profit
Enterprise:
• 11,900 customers spending $100K+
• 900% net revenue retention
• $10.8B contracted revenue
Spending:
• $8.95B H1 compute expenses
• $265.6B future contract commitments
Financials:
• $16.3B H1 revenue (+1300%)
• $131.7B cash
• $974M operating profit
Enterprise:
• 11,900 customers spending $100K+
• 900% net revenue retention
• $10.8B contracted revenue
Spending:
• $8.95B H1 compute expenses
• $265.6B future contract commitments
JUST IN - Anthropic S-1 is out:
→ $16.3B in H1 2026 revenue
→ $80.7 billion net loss
→ Spend up to $120.5 billion on $SPCX & $NVDA computing capacity
→ Cautions that growth could slow going forward
3
36
209
16,882
JUST IN - Anthropic S-1 is out:
→ $16.3B in H1 2026 revenue
→ $80.7 billion net loss
→ Spend up to $120.5 billion on $SPCX & $NVDA computing capacity
→ Cautions that growth could slow going forward
→ $16.3B in H1 2026 revenue
→ $80.7 billion net loss
→ Spend up to $120.5 billion on $SPCX & $NVDA computing capacity
→ Cautions that growth could slow going forward
🚨 BREAKING: Anthropic has officially filed its S-1 registration statement for an IPO, seeking to list on the Nasdaq under the ticker $ANT.
KEY TAKEAWAYS FROM ANTHROPIC'S IPO FILING:
Revenue: Generated $16.3 billion in H1 2026 revenue, while reporting an $80.7 billion net loss, sh accounting charges.
Dividends: Does not expect to pay dividends for the foreseeable future.
AI Infrastructure: Expects to spend up to $120.5 billion on SpaceXAI and Nvidia computing capacity.
Google: Expects to spend up to $114.5 billion with Google through 2033.
Growth Warning: Cautions that its rapid revenue growth may not be sustainable and could slow going forward.
One of the biggest AI IPOs in history is officially taking shape.
3
3
41
16,303
Elon’s comments on Neocloud financing highlight how just a few will make it as financing gets more difficult.
Having access to financing is a real competitive advantage for Neoclouds.
Neoclouds with the best and worst debt-to-equity ratios:
Having access to financing is a real competitive advantage for Neoclouds.
Neoclouds with the best and worst debt-to-equity ratios:
@chamathuch.
As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers.
SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue.
That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.
10
27
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43,880
Which photonics stock do you think is the best buy?
• $MRVL at $229
• $AAOI at $68
• $GLW at $124
• $LITE at $756
• $AEHR at $55
• $COHR at $209
• $SIVE at $21
• $BESI at $162
• $LPTH at $7
• $AXTI at $52
• $ASML at $1,572
• $ASM.AS at $783
• $FN at $315
• $VIAV at AMT at $121
• $AIXA.DE at $32
• $FORM at $99
• $IPGP at $71
• $ONTO at $199
• $MTSI at $236
• $MKSI at $197
• $AMS.SW at $21
• $IQE.L at $35
• $LPK.DE at $12
All prices in USD equivalents, rounded.
• $MRVL at $229
• $AAOI at $68
• $GLW at $124
• $LITE at $756
• $AEHR at $55
• $COHR at $209
• $SIVE at $21
• $BESI at $162
• $LPTH at $7
• $AXTI at $52
• $ASML at $1,572
• $ASM.AS at $783
• $FN at $315
• $VIAV at AMT at $121
• $AIXA.DE at $32
• $FORM at $99
• $IPGP at $71
• $ONTO at $199
• $MTSI at $236
• $MKSI at $197
• $AMS.SW at $21
• $IQE.L at $35
• $LPK.DE at $12
All prices in USD equivalents, rounded.
29
29
196
30,576
Let's keep sharing YTDs folks!
In good and bad times. Not just at ATHs. Here's mine:
• 47% YTD
• Prior high: +76%
• Drawdown from high: 18%
How’s Mr. Market treating you so far?
In good and bad times. Not just at ATHs. Here's mine:
• 47% YTD
• Prior high: +76%
• Drawdown from high: 18%
How’s Mr. Market treating you so far?
8
1
25
8,266
$BE stock is down 🔻-44% from its highs, meanwhile:
• Stellar Q3 + raised guidance
• Revenue $1.2B → $2.0B in FY2027 (45% CAGR)
• Lowest valuation since 2025
I bought the dip today ☺️
• Stellar Q3 + raised guidance
• Revenue $1.2B → $2.0B in FY2027 (45% CAGR)
• Lowest valuation since 2025
I bought the dip today ☺️
$BE Q3 2026 visualized:
• Revenue: $1.24B (+138% YoY)
• Gross profit: $417M (+175% YoY)
• Cost of sales: $819M (+123% YoY)
• Net income: $250M
Revenue streams:
• Product: $1.07B (+179% YoY)
• Installation: $85M (+29% YoY)
• Service: $68M (+15% YoY)
1
5
71
7,977