CA
NZ
UK
AU
IND
US
Key HighlightsThe scorecard rates Broadcom (NASDAQ:AVGO) Watch at USD 341.40, summarising it as a greatBusinesswith a bad valuation; a composite business score of 4.3 out of 5 is paired with a valuation score of 2.Broadcom (NASDAQ:AVGO) trades on a trailing price toEarningsratio of 43.6x, …
The customer is a listener paying a monthly fee for ad-free, on-demand access. The scorecard notes that nothing contractual holds a subscriber, since Premium bills month to month with no termination fee, but years of playlists, library and listening history take real effort to …
Key HighlightsA scorecard rates the Spotify Technology (NYSE:SPOT) moat Thin at 2 of 5 with a Stable direction, giving moderate scores to switching costs and network effects and none to intangibles, low-cost production and counter-positioning.The scorecard places Spotify Technology (NYSE:SPOT) in phase 3 of …
Key HighlightsThe scorecard rates Spotify Technology (NYSE:SPOT) Watch at USD 526.08, summarising it as an averageBusinesswith a good valuation: a composite business score of 3.3 out of 5 and a valuation score of 4 of 5.Spotify Technology (NYSE:SPOT) trades on a trailing price toEarningsratio …
The commentary lists the links. Nvidia, AMD and Broadcom design the chips, TSMC makes them, and SK Hynix, Samsung and MicronSupplymemory. Google, Amazon, Microsoft, Oracle and Meta buy the chips andFilldata centres, OpenAI and Anthropic rent that capacity, and users pay the labs at …
His argument is about the direction of the money. The supplier funds the customer, the customer pays the supplier, and the supplier books the payment as revenue. Nvidia (NASDAQ:NVDA) is one such supplier, and the commentary says CoreWeave, which Nvidia part-owns, holds about USD …
The commentary calls lab contracts the hyperscalers' backlog and the backlog their case for capex. He says Anthropic has about USD 111 billion of computing contracts with Google that it cannot cancel, and that in June a vehicle funded by Apollo and Blackstone raised …
In the commentary's description, the client pays the cloud, the cloud keeps a commission and passes the rest to Anthropic. When Anthropic then rents Google's chips, Google is paid again, and its stake rises with Anthropic's valuation, which he lists as USD 183 billion …
In the commentary, lab contracts are the hyperscalers'Backlogand the backlog is the case for capex. Amazon (NASDAQ:AMZN) is on both sides of the largest AI labs. Anthropic has about USD 110 billion of computing contracts with Amazon that it cannot cancel, according to the …
Amazon also sells Claude to corporate clients through Bedrock. In the commentary, the client pays the cloud, the cloud keeps a commission and passes the rest to Anthropic. Anthropic books these sales gross, so the full client price is its revenue and the commission …
Please wait processing your request...