On Anthropic’s IPO, P/Es & Quantum Computing

After digesting Anthropic’s recent IPO filing, Jackie highlights the company’s plan to reduce its dependency on cloud providers and produce more compute itself, leasing the data center capacity and semiconductor chips needed. The contracts signed will mean huge upfront capex and lease payments with little to show for it in the immediate future. …Also: With the S&P 500’s price index up less dramatically than its fast-growing earnings outlook, its forward P/E multiple has taken a nosedive. Multiples have contracted the most for the S&P 500 Consumer Discretionary and Information Technology sectors and expanded for Health Care. … And in our Disruptive Technologies segment: An update on strides made improving quantum computing.