Boing (The)

Page 63 of the Anthropic S-1

Never before has a company gone public with anywhere near this amount of cash.

Intel just announced a definitive agreement to buy Classiq for $2.3 billion to expand their physical chip foundry business and hardware infrastructure stack.

Everyone seems exhausted by overvalued software companies burning billions on apps with zero actual profit. This massive cash drop proves that big money is starting to look past pure code and rotate straight back into physical semiconductor assets.

Intel reports earnings this Thursday night and they are going to have to lay out the commercial roadmap for this new hardware layout on the call. Are we finally seeing capital rotate permanently away from software and back into physical tech?

We're getting new and exciting ways to gamble!

The binary return options contracts are expected to begin trading within days. The ​lineup includes 12 underlying securities, including Apple (AAPL), opens new tab, Nvidia (NVDA), opens new tab, Tesla (TSLA), opens new tab and the SPDR S&P 500 ETF Trust , with additional securities to be added over time.

NYSE is ​also seeking approval for a second product tied to company earnings ⁠metrics, the latest push by exchanges to capitalize on booming demand for ​event-driven trading.

$LMT Thank you for those sweet gains.

Between pages 170-171 and what you find in the notes they disclose around $855B already committed, if you add everything together. That's excluding some things that aren't fixed (like their AMD Helios spend, some additional TPU compute), otherwise that would reach above $1T.

And page 161:

Our increasing efforts to build out our compute and infrastructure require substantial capital expenditures and are changing the cash flow profile of our business. Whereas the compute purchased through our CSP arrangements is generally paid as the compute becomes available to us, we expect an increasing portion of our compute and infrastructure investment to take the form of capital expenditures and other commitments, including lease obligations, that require significant upfront payments well in advance of the related compute becoming operational. We expect our capital expenditures to increase significantly as we expand our build-out, and we expect these investments to result in significant net cash used in operating and investing activities for the foreseeable future. Our net cash used in these activities may increase regardless of whether our financial performance improves.

So they expect to increase their capex massively in the near future, in addition to their existing commitments (and they say they will keep signing new deals).

Their 2025-2026 financial statements aren't too meaningful given they plan to shift to high capex spending (also, their Q3 is a significant revenue slow down)

Love this market.

EOY rally time

Only one I'm adding to is Google.

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This week seems significant and could shape sentiment across both stocks and broader markets

• Wednesday: Alphabet, Microsoft earnings
• Thursday: Amazon, Intel, Sandisk earnings / U.S. PCE Inflation & GDP Data
• Friday: Bank of Japan Rate Decision

Regards, please weigh in with your strategies. I'd assume standard buy high sell low remains, but open to other ideas as well

Went up to 27k in this account was trading 5-7dte. Then switched to 0dtes lost everything

SPX>SPY but also much spookier but hey, it’s Halloween soon