ANTHROPIC WANTS TO LIST BIGGER THAN META. I WOULDNT BUY IT. OR OPENAI

anthropic is going public before thanksgiving at up to $2T
thats bigger than meta on day one. bigger than broadcom. about the size of spacex
openai is raising at $1.4T. thats tesla money
together ~$3.4T. almost a whole microsoft
now the math nobody wants to do
put a normal stock multiple on it, 25x profit. these two need ~$136B of pure profit every single year
apple made ~$112B last year. microsoft made ~$102B
so two companies that are still burning billions have to become more profitable than apple. together. just to be fairly priced at the open
where they actually are:
> anthropic did ~$4.6B revenue in 2025 and lost $8B+ operating
> meta makes $4.6B in under 10 days
> openai is running at ~$40B a year
> anthropic reportedly plans to spend ~$518B on compute
to be fair, if they keep growing 10x a year the math works. thats the whole bet. you're not buying a company, you're buying the growth curve staying vertical for 5 more years
personally, im not buying either. not anthropic at IPO, not openai at $1.4T
i'll keep paying for both every month and using them every day. thats exactly the point
the best tech and the best stock are not always the same thing. amazon was the right bet on the internet in 1999. if you bought that top you sat through -90% and waited about 10 years to break even