How Anthropic Makes Money—and What Investors Should Know Ahead of Its IPO Filing
Part one of a two-part Q&A with PitchBook senior analyst Harrison Rolfes on Anthropic’s business model and why it needs to grow margins, fast.
Artificial Intelligence
More on Artificial Intelligence
Markets Brief: Value ETFs Making a Big Tech Bet, Nvidia’s Dealmaking, and the Cybersecurity Stock Outlook
The ripples from the AI stock boom are even showing up in value-stock ETFs.
Marvell Earnings: Blistering Growth
We’ve raised our fair value estimate for Marvell stock.
Salesforce Earnings: Strong Bookings, Second-Half Reacceleration, Positive Anthropic Announcement
We were pleased to see Salesforce stock bounce materially after this quarter’s results.
Veeva Earnings: Customer Wins and AI Progress Fuel Momentum
Veeva puts aside the artificial intelligence-concerned naysayers and touts continued business strength.
Nvidia Earnings: Raising Fair Value as AI Buildouts are Accelerating
The showstopper, in our view, was Nvidia’s stunning forecast of 70% revenue growth next year.
Why Bond Yields Are Rising—and Might Keep Heading Higher
Major bond markets are under pressure thanks to massive AI debt sales, fiscal woes, and inflation concerns.
Sandisk: We Retain Skepticism on Longer-Term Targets
We expect commodity supply/demand market dynamics to keep creating volatile cycles.
Broadcom: Multisourcing Doesn’t Erode Massive Growth and a Buying Opportunity
The market is pessimistic about Broadcom amid Google’s multisourcing, and we disagree.
Analog Devices Earnings: Raising Fair Value Estimate with AI Strength
We think ADI’s high-quality analog business is well positioned to prosper in AI.
Marvell: With Google Chip Deal, Firm Landing the White Whale
We’ve raised our fair value estimate of Marvell stock.
Going Into Earnings, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?
We’re expecting another beat-and-raise quarter, while watching the roadmap and discussions of its financing and partnership deals.
Markets Brief: The ‘Not Dead Yet’ Software Stock Rally, What to Watch in Retail Earnings, and How Much Inflation AI Could Be Causing
As software stocks bounce, the narrative that AI will kill software businesses seems to be fading.
Applied Materials Earnings: Momentum Continues as AI Equipment Demand Keeps Accelerating
Positive guidance from peers and Applied indicates that industry demand remains healthy.
Cisco Earnings: AI Momentum Accelerates, and Campus Demand Stays Strong
We think Cisco stock is fairly valued.
Why This Growth Stock Manager Likes Both the AI Trade and Eli Lilly
Despite the cash burn at hyperscalers, the AI boom is only in its early stages, and the benefits are spreading, says Jennison’s Boyer.
Nvidia: Latest AI Partnership May Add to Concerns, but We Think Chip Demand Is There
We see Nvidia as leveraging its position at the center of the AI ecosystem and that the stock is undervalued.
xAI’s Neocloud Pivot Eats Up SpaceX Capital Expenditure
The company’s AI segment is looking (and spending) more like a compute provider than a model maker.
Atlassian Earnings: Huge Quarter with Cloud Acceleration and AI Starting to Drive a Positive Impact
Atlassian continues to report results that blow consensus estimates away.
Shopify Bounces as Earnings Calm AI ‘Loser Trade’ Concerns
The Canadian e-commerce giant reported blowout earnings amid concerns about AI.
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