How can global jaugernaut Samsung which generates tens of billions in actual net profit be valued at half the price of a software startup Anthropic selling future promises? Recently Samsung reported a record-breaking operating PROFIT (not revenue) of $80 billion in just one quarter thanks to AI memory chips demand. In stark contrast, Anthropic announced a quarterly REVENUE (not profit) of just $16.8 billion over the same period. How does public market logic justify pricing a capital-heavy giant with historic cash flows at $1 trillion, while private investors and underwriters prep a private AI research lab with a fraction of that top-line revenue for a staggering $2 trillion valuation?

Does this stark valuation gap signal that the market now values pure AI optionality and exponential scaling potential far more than established physical production and proven profitability? Are investors pricing Anthropic on the assumption that frontier foundation models will eventually capture and monetize entire sectors of the global economy, making current revenue numbers irrelevant? Or is this immense discrepancy a warning sign of an unsustainable market bubble driven by hype, where hardware enablers and actual revenue generators are heavily discounted compared to speculative AI platforms?

September’s producer price index came in much hotter than economists forecasted on Thursday, underscoring the continued inflationary pressure from energy amid the U.S. war with Iran.

The measure of underylying inflation pressures climbed 1.3% in September and 6.3% on an annual basis, marking its largest 12-month advance since late 2022, according to data released by the Bureau of Labor Statistics.

Economists polled by Dow Jones forecasted an advance of 0.6% on the month and 5.5% annually.

https://www.ft.com/content/4ffa1853-0e2c-424f-b941-88c6bcac5765

Co-founder Brannin McBee, who leads CoreWeave's financing, told the FT that investment-grade ratings on more of its chip-backed debt would let it borrow from insurers, whose capital "is unlimited. Like, that's all the money in the world that sits in the insurance tranche."

McBee said CoreWeave will keep taking out chip-backed loans: "I don't look at that as scary debt at all. I look at that as accelerating debt and great debt."

Here's how I interpret this.

Bond market charging us 15%, claiming we will "default".

Well lookie here insurance companies, you're our new friend.

Assuming they succeed, I could see companies like CRWV and ORCL (also trading at junk bond yields) becoming TBTF and debt will be bailed out regardless of outcome.

Having used their products in 2018, I knew these companies had value that could translate into earnings.

2022 they reached incredible highs, and now they're trading at crazy low valuations in comparison.

I've not checked stock in years and am completely out of the loop on the industry. What happened to solar?

Enph in particular has easily the best microonverters in the market and great quality panels. They also added batteries successfully. Is it all politics and solar subsidies in the US?

https://www.moomoo.com/news/flash/1001257925/tsmc-q3-revenue-nt-1494-24-billion-net-income-of

For the third quarter ended September 30, 2026, Taiwan Semiconductor (TSM.US) reported consolidated revenue of NT$1,494.24 billion, net income of NT$763.06 billion, and diluted EPS of NT$29.43, equivalent to US$4.60 per ADR. Year-over-year, third quarter revenue increased 50.9%, while net income and diluted EPS both increased 68.7%.

The company posted a gross margin of 66.4%, an operating margin of 58.7%, and a net profit margin of 51.1%.

Seems like CNBC has changed recently. In the past there may have been a few locked articles but for the last week every article I click on says that I have reach my limit of free articles and a free account will unlock it. Well I know if it was really free they would just make it free. I am sick and tired of logins and password as well.

I tried Yahoo finance but hate the structure of that website. Any other suggestions to get business and stock news?

Source: https://www.ft.com/content/11632d03-358c-454b-af95-d06d4072932b?syn-25a6b1a6=1

Financial Times reports that Anthropic told investors it made $16.8B in 3Q26, up 50% from $11.5B in 2Q26, and was profitable on an "adjusted" basis. This marks a severe deceleration from 2Q26's Ant's reported 147% 2Q26 QoQ growth.

Average monthly growth implied by quarters in 2Q: ~35%

Average monthly growth implied by quarters in 3Q: 13.1%

If we assume linear growth for Aug/Sep if July's revenue was $5.4B (based on a $65B rev run rate at the end of July), this would mark 3.3% MoM growth for Aug/Sep, giving us an exist September run rate of ~$70B ARR.

In order for Anthropic to hit its goal of $100B ARR by December, it would need growth to re-accelerate to 12.9% MoM for the next 3 months.

In addition, Anthropic appears to be targetting a valuation above $2T, which is about 29.8x 3Q26 annualized revenue. This is ahead of at least $518B of compute commitments over the next decade, about $51.8B a year, or 77% of its current annualized revenue. In addition, "Adjusted" profitability has not been defined publicly, but it'll be easier to understand once Anthropic publicly releases their S-1

So we are now in the phase of the AI cycle where those companies with the lowest cost of capital will be rewarded the most and those with the highest cost of capital will be most punished. We are seeing this play out now. MSFT, GOOGL, META, and AMZN, known as the hyperscalers, are the ones by far spending the most on the AI buildout and they all have the lowest cost of capital with MSFT being the absolute lowest with a AAA rating. On the flip side, the neoclouds and colo models are plunging because they have the highest cost of capital. Credit spreads are now blowing out for them with CRWV being the worst. In effect, this will mechanically force neoclouds to either slow their infrastructure buildout because the debt is too expensive or they might issue equity and dilute shareholders to fund more AI CAPEX. Either way the writing is on the wall for the neoclouds. With them it’s the Dot com bubble all over again. What is likely to happen is most of neoclouds go bankrupt and the hyperscalers buy their data centers for pennies on the dollar. This is exactly what happened during the Dot com bubble. The companies who built the fiber lines went bankrupt and it was bought for pennies on the dollar.

So, who’s the ultimate beneficiaries? The hyperscalers: AMZN, MSFT, GOOGL and META. They have the lowest cost of capital and they will be the ones who step in to buy the assets built by the neoclouds for pennies on the dollar when they go bankrupt.

Also, to add about the AI hardware stocks. You have to look at what each one’s exposure is. For example, lower AI CapEx from distressed neoclouds doesn’t hurt MRVL because all of their customers are hyperscalers. They have no neocloud exposure. Those hardware companies with neocloud exposure will likely take a hit though. Those with their businesses concentrated with the hyperscalers are likely to be rewarded.

Domestic passenger vehicle retail dropped 28% from a year earlier in September, a much steeper decline than total shipments posted. The China Passenger Car Association (CPCA) published the September data on October 12. Wholesale covers what manufacturers shipped in the month, domestic deliveries and exports, not end purchases, and it fell 8.9% year over year while manufacturer-reported passenger vehicle exports grew 73.7%. With those year-over-year numbers side by side, I read them as exports offsetting some of the domestic decline, and exports' share of wholesale went from 19% a year earlier to 36%.

Against the prior month, the export share dropped two months running from 41% in July, while September wholesale and exports both rose, which does not sit as neatly with that reading. The CPCA named ten automakers as NEV exporters, meaning battery electric, plug-in hybrid and range-extended vehicles, and those exports also rose from August. BYD's figure fell while Chery and Leapmotor gained, and these are shipments abroad only, not counting combustion-engine exports.

The CPCA pointed to this year's Mid-Autumn Festival falling earlier than usual, in late September, with clearly weaker domestic sales that week. It cited a high base from September 2025, when subsidies for car buyers in some provinces were about to expire and purchases concentrated before they lapsed. The report listed other causes, and how much of the retail drop those two explain is not clear from one month.

On October 12 the Ministry of Finance and the State Taxation Administration announced a reduction in the export VAT rebate rate for battery electric and plug-in hybrid passenger vehicles. The rate drops from 13% to 9%. It applies to exports from April 1, 2027, going by the export date. The announcement does not settle how large the effect will be.

The CPCA report carries two export counts. For August, manufacturer-reported passenger vehicle exports including kits for overseas assembly rose 77.8% from a year earlier, while customs data for all vehicle types grew 37%. No September customs figure appears. What would you watch in the report covering October data, out next month, to gauge what exports are doing for automakers' total shipments with domestic volume down?

Of the automakers on the CPCA's September NEV export list, two are in CNQQ and the other eight are not. The latest issuer holdings file puts BYD at about 1.75% of net assets, held as the Shenzhen-listed A share, and XPeng at roughly 0.41%. CQQQ's index is a FTSE benchmark of Chinese companies the provider classifies under technology.

US inflation rose by more than expected in the year to September, according to official figures, in the final data release before the midterm elections next month.
The pace of price rises increased to 3.7%, up from 3.4% in the 12 months to August.
Inflation was above forecasts, driven by higher gasoline prices which have spiked following disruption to Middle East energy supplies due to the US-Israel conflict with Iran.
The elections are being fought over cost of living pressures across the US.

Source: BBC

The CPI electricity index is up 4.4% over the 12 months to September, above both the 3.7% headline and the 2.6% core. Gasoline is up 34.2% over the same period. Month by month, the index went -1.0% in June, 0.1% in July, -0.2% in August and 0.2% in September so it's roughly flat since May and the 4.4% is mostly earlier in the yr.

Whether data centers push power bills up is a real question but this report doesn't show it in the last 4 months so has your own bill gone up this year?

hypothetical: a company spends heavily on buybacks, but stock-based pay replaces most of the shares retired. the share count barely falls.

how would you separate the value of offsetting dilution from the benefit of actually shrinking the share count? cash spent alone seems like an incomplete scorecard.

what do you compare: net shares retired, price paid versus business value, and the ongoing cost of stock-based pay? when is a flat share count still a good result?

Looking specifically at AliBaba over the last week, the ADR we can trade here has been buying while the Hang Seng has been selling. As I understand it these are supposedly arbitrage trades since the value of one is tied directly to the value of the other (In BABA’s case an ADR share is worth 8 Hang Seng shares)so why have there consistently been 3% valuation differences in the stock in either direction this week?

Selling BABA at 4pm and buying 9988.HK at 4 pm every day would have netted about a 15% profit this week.

AI firms are projected to spend nearly $1 trillion on AI infrastructure in 2026 alone, with an additional $6 trillion in capital investments forecast through 2030. 

Cumulative AI revenue tied to data centers is expected to reach just $3.6 trillion by 2030, far below the $8.5 trillion Gartner says is needed to justify expenditures. 

A Gartner study projects that more than 80% of independent specialized cloud providers (neoclouds) will cease independent operations by 2030 due to intense cost pressures.

https://www.tradingview.com/news/stocktwits:fb8ac29d2094b:0-crwv-nbis-iren-stocks-tumble-after-gartner-forecasts-80-of-neocloud-market-will-cease-to-exist-by-2030/

Netflix said on Wednesday that it will lay off roughly 6% of its employees, according to a memo obtained by CNBC.

The job cuts will largely impact the product, tech, legal, and HR teams.

“Our mission - to entertain the world - is ambitious, and delivering on it requires us to be disciplined about where we prioritize our people and resources,” Netflix co-CEOs Ted Sarandos and Greg Peters wrote in the email to employees. “Our business is strong and growing, and we remain on track to deliver our full year forecast. We’ll continue to invest aggressively in high impact areas to improve our service and further drive growth and innovation. Doing that means making focused choices across the business so we can keep delivering for our members, partners, employees, and investors.”

Netflix said it did not have additional comments beyond the co-CEOs’ memo.

Source: https://www.cnbc.com/2026/10/14/netflix-layoffs.html

What stocks dropped this week that look like solid value? Here's some that dropped a lot this week that stand out out for me along with the price as I'm writing this.

AMAT - 459
MU - 939 - I have a big position here. I add on dips and sell some on spikes.
FN - 414 - Will buy if it hits 400
NVDA - 224 - I added to my position today
NBIS - 189 - I bought today
LRCX - 295 - Getting very close to my ideal buy price
NU - 15 - I have 1000 shares of this.

CAT: Market Cap: $340 Billion: This is one of those old companies and is a very high conviction play. At these levels statistically it has output very positive forward returns. One of my personal favorite.

KLAC: Market Cap: $282 Billion. Very well established company. Very positive looking forward horizon statistically

AMAT: Market Cap $343 Billion. This has always been one of my personal favorite. Very high positive returns historically

LRCX: Market Cap: $347 Billion. Big company, and high forward output statistically

I ran quantitative distribution analysis on these stocks, covering their price from 2020 till now and statistically these stocks give high returns after the current levels. There are more but these are high convictions play. Always do your own research

this is not a financial or trading advice. Please do your own research before buying/selling of securities.

The International Monetary Fund (IMF) projects South Korea's per-capita GDP will surpass $40,000 for the first time this year, reaching $43,511, before climbing to $49,276 next year and breaking through $50,000 to hit $52,100 by 2028.

The 2027 projection assumes an average exchange rate of 1400 Won, but the KRW is expected to strengthen to 1250 Won on the chip boom, which means 52,000 by 2027 is in reach assuming an average exchange rate of 1300 Won.

Robust export performance driven by the semiconductor supercycle is identified as the key growth engine. South Korea is expected to overtake Spain to rank 9th in per-capita GDP among countries with populations over 20 million this year, while its nominal GDP is forecast to exceed $2 trillion for the first time at $2.2458 trillion. The IMF raised its global growth forecast to 3.1% for this year but warned of an uneven distribution of growth benefits concentrated in just 32 countries.

https://finance.biggo.com/news/afec3b5a-8370-4e2f-be2b-c76e4db5a8f8

MU is right now one of the cheapest valued company. It's forward pe / ev by ebitda is ridiculously low, ROE/ROIC is very high. Point being, its almost valued as if there is a crash coming.

But each quarter they keep posting strong growth, record numbers and mention strong demand for next 2 years.

What am I missing?

Disclosure: Invested, it's now my second largest holding, after the crazy run it had last year.

Robotis has partnered with Nvidia to unveil real-world task capabilities for its humanoid "AI Sapiens" and has begun building a production system targeting 10,000 units annually. At the Humanoid Summit Seoul 2026 held at COEX on the 22nd, Robotis announced its open humanoid platform strategy and showcased how it used Nvidia's Cosmos Transfer to resolve a shadow misidentification problem with synthetic data. Nvidia unveiled its general-purpose robot intelligence model GR00T 1.7 and the development roadmap for next-generation GR00T 2, presenting a "data pyramid" strategy.

Kim Byung-soo, founder and CEO of Robotis, laid out a vision in his keynote to establish humanoids as a platform where diverse applications perform multiple functions, much like smartphones did in the past. He explained that while automating 100 different tasks once required 100 different types of robots, advances in AI now allow a single robot to handle multiple tasks.

Robotis plans to significantly expand AI Sapiens production starting next year, aiming to scale humanoid manufacturing to an annual rate of 10,000 units. The company's mass production strategy rests on two pillars: high-volume hardware manufacturing and a software ecosystem that enables a single robot to rapidly learn multiple tasks.

On the hardware side, Robotis plans to sequentially release a lineup of roughly 70 actuator models beginning early next year. At the event, AI Sapiens took the stage to demonstrate boxing and squat motions, showcasing the stability of its joint actuation.

Kim compared AI Sapiens to Unitree's G1, noting that "the height is similar at around 136 cm, and the weight is the same," but emphasized that "the higher actuator efficiency gives it the advantage of more than double the battery operating time."

As humanoid production scales up, learning efficiency is expected to become even more critical. Collecting real-world task data for each individual robot requires equipment, operators, time, and space. Robotis is also pursuing a parallel approach: extracting motion from human video or text, training simultaneously across thousands of virtual environments, and then applying the results to physical robots.

https://finance.biggo.com/news/9e9f2ccb-28da-4523-a7c9-dcf8ef58c5f7

if you missed it, a wheeled robot from Dyna robotics rang the Nasdaq close on oct 13 for robostrategy ($BOT). cool photo but the fund is the more interesting part

$BOT is a closed end fund that holds private robot companies. figure ai, apptronik, dyna, standard bots etc. None of them are public so this is basically the only way to get exposure.

The catch is the price vs what it actually worth:

- nav (value of the holdings) was 11.32$ a share at end of july

- the stock traded at around 28$ on aug 20

- thats a 151% premium (mentioned in their own SEC filing)

And because $BOT is a closed end fund, there’s no ETF-style mechanism to keep its share price close to NAV. in other words, if there's more demand, the premium can keep growing. If sentiment changes, it can unwind just as fast.

This reminds me of destiny $DXYZ earlier this year, where price went up to insane premiums just to get pre IPO exposure to SpaceX & OpenAI.

I’m bullish on robotics as a long-term theme. but being bullish on an industry & paying the right price are 2 different things.

Curious what you think: anyone here holding it? would you pay 2.5x nav to own figure before ipo or just wait for the ipo?

https://www.investing.com/news/earnings/asml-raises-capacity-plans-as-ai-demand-drives-record-q3-sales-4948020

ASML raised its capacity ambitions for 2028 after reporting record third-quarter sales on Wednesday, citing stronger customer demand for semiconductor manufacturing equipment driven by artificial intelligence investments.
The Dutch company, the world’s largest supplier of chipmaking equipment, said net sales rose to 11.66 billion euros in the three months to September from 9.33 billion euros in the previous quarter.

Net income increased to 4.96 billion euros from 2.92 billion euros, while gross margin expanded to 57.5% from 54%.
ASML now expects its planned supply capacity for 2027 and 2028 to fall short of customer demand and is exploring ways to expand 2028 capacity beyond the previously communicated 30% increase.
The company forecast fourth-quarter net sales of 14.2 billion to 15.2 billion euros, with a gross margin of around 57%.

Been looking at today’s CPI expectations and I’m a little confused. Headline inflation is expected at 3.6%, while core CPI is around 2.5%. If inflation is still running this hot, why does the market seem so comfortable with the idea of more rate cuts?

I get that energy prices are driving part of it, but wouldn’t a hotter CPI still put pressure on stocks, especially tech? Or is this one of those situations where everyone’s already priced it in What you guys think?

Update:

Well, CPI came in a bit hotter than expected.

Headline at 3.7% vs 3.6% expected, core at 2.6% vs 2.5%.

Stocks didn’t seem to love that, and yields are moving higher.

Seeing a lot of people here calling for another rate hike. Honestly wondering if today’s numbers make that more likely.

Does this change anyone’s outlook on stocks?