There's a valid argument to drop the Nasdaq specifically because of the abusive rule changes they introduced for SpaceX, which Anthropic will also utilise (and OpenAI if they do IPO). Any company big enough to be in their top 40 by IPO valuation can skip any seasoning period, and force passive investors to buy within 15 days, long before insiders can sell. But the more damaging change is that tiny free floats are tripled in weight. If Anthropic lists just 5% of their company, the Nasdaq behaves as if 15% is available. Funds like QQQ then push prices up chasing a shrunken pool of shares. Anyone holding Nasdaq funds is now likely to pay an hidden IPO tax to private equity. It won't be massive (unless one of these companies crashes) but it may well be comparable to ETF fees.

Of the $42b loss, $34b is attributed to warrants issued at lower valuation that now have substantially higher valuation. For example, suppose I granted warrants at $3.4b at the time, and valuation has since surged by 10x. Now my "liabilty" becomes -$34b. But it's a **one time** non-cash charge - it's not as if Anthropic needs to find $34b of cash to reverse this loss - it's not debt. You could almost view it as opposite effect of AMZN GOOGL and MSFT reporting huge sums of paper gains from their investments in Anthropic and OpenAI, even though they didn't sell yet. It's just a matter of keeping proper accounting records.

I'm rooting for ASTS and it used to be a 15% position for me, but I sold for 150-200% gain after the Blue Origin bullshit. They have a superior product but they have no control over getting the birds into orbit. I hope it all works out and the space mob gets rich.

I approve of this play, they have yet to reveal their long term plan with regards to AI, and when they do no doubt the stock will pop like ORCL...

I'm done with this shit for now on I buy VOO and chill like a bitch.

Before retirement mode, I maxed rIRA and 401k each year. 100% VT. You will retire rich that way.

And the deal essentially made Meta prioritize building its own infrastructure and engineering skill set around AMD chips, creating stickiness with AMD. Essentially, the deal locks Meta in as a customer, not only for the first 6GW, but also for anything that comes after that, should the need arrive. Yeah, your slice of the pie is gonna get smaller (if Meta follows through). But at the same time, the pie is gonna be much bigger.

Yeah, but didn't SPCX gobble up a lot of TSLA's supposed side jobs? Lol

You are so wrong about this deal. I would not describe Meta or OpenAI as "buying chips for free." AMD is trying to overcome one of the hardest problems in accelerator computing: ecosystem lock-in . A hyperscaler doesn't merely substitute MI450 for an Nvidia GPU. It commits engineering resources to ROCm, optimizes models and kernels, validates networking and rack infrastructure, trains engineers, develops deployment tooling, and potentially designs future infrastructure around AMD's roadmap. Once Meta and OpenAI have deployed multiple gigawatts of AMD hardware, AMD has done something strategically much more valuable than selling one generation of accelerators: it has created two enormous reference customers and weakened Nvidia's CUDA/platform lock-in. Today's ~$630 price itself reflects investors expectations about AMD's AI business including these hyperscaler wins. If AMD had never landed OpenAI and Meta and consequently remained a $200 stock, the same 320M shares would be worth only about $64B .

Truly one lucky 0dte SPY day away from breakeven.