To The Moon

$英偉達(NVDA)$Anthropic is securing another major block of AI computing power. The Claude developer has signed a $35 billion cloud agreement with NVIDIA-backed Lambda, according to The Wall Street Journal. The capacity will come from a roughly 350-megawatt data centre being developed by Hut 8 in Texas, with NVIDIA reportedly holding the lease and its chips powering the facility. The deal highlights how the AI race is expanding beyond models. Access to GPUs, energy, and data-centre capacity is becoming just as critical. Could infrastructure become the biggest competitive advantage in AI? $閃迪(SNDK)$ $美光科技(MU)$

Anthropic’s fundraising has entered a new league. The AI company’s cumulative capital raised climbed from just $100 million in 2021 to $118.1 billion by May 2026. Its latest $65 billion Series H round alone exceeded the combined value of all seven previous rounds. The scale of the raise highlights both the extraordinary capital demands of frontier AI and investors’ continued appetite for the companies building it. Can Anthropic turn this record-breaking funding into a lasting competitive advantage? $英偉達(NVDA)$ $戴爾(DELL)$ $閃迪(SNDK)$

$蘋果(AAPL)$  When Tim Cook became Apple CEO in 2011, the company was already one of the world’s biggest technology names. What followed was another remarkable chapter of growth. Since Cook took over, Apple has delivered a total return of nearly 3,000%, significantly outperforming both the Nasdaq 100 and the S&P 500. From expanding the iPhone ecosystem to building a powerful services business, Apple’s transformation has rewarded long-term investors. But after such an extraordinary run, can the company sustain its momentum into its next era? $亞馬遜(AMZN)$  $特斯拉(TSLA)$  

Anthropic’s fundraising has entered a new league. The AI company’s cumulative capital raised climbed from just $100 million in 2021 to $118.1 billion by May 2026. Its latest $65 billion Series H round alone exceeded the combined value of all seven previous rounds. The scale of the raise highlights both the extraordinary capital demands of frontier AI and investors’ continued appetite for the companies building it. Can Anthropic turn this record-breaking funding into a lasting competitive advantage? $英偉達(NVDA)$ $SpaceX(SPCX)$ $微軟(MSFT)$

How big is Anthropic’s claimed market opportunity? Almost as large as the entire U.S. economy. Anthropic has reportedly placed the floor of its addressable market at more than $30 trillion. That is equivalent to at least 92.6% of projected 2026 U.S. GDP and slightly above SpaceX’s estimated $28.5 trillion opportunity. Both figures dwarf the headline market estimates associated with many of the world’s best-known private companies. However, scale requires context: these are company marketing estimates rather than forecasts, and the markets cannot simply be added together because SpaceX’s $26.5 trillion AI segment overlaps with Anthropic’s opportunity. The comparison highlights just how expansive the ambitions behind today’s leading private companies have become.

$英偉達(NVDA)$NVIDIA ’s revenue more than doubled year over year to $96 billion in Q2 FY27, driven by continued demand for AI infrastructure. The company expects growth to continue, guiding for $108 billion in Q3. However, gross margin is forecast to ease from 75% to 74%, highlighting the rising costs accompanying NVIDIA’s rapid expansion. With revenue now approaching the $100 billion-a-quarter mark, can $NVDA sustain its growth while protecting profitability?

Anthropic’s growth is entering territory rarely seen in enterprise software. The company’s annualized run-rate revenue reportedly surged from around $9 billion at the end of 2025 to more than $65 billion by July 2026, an increase of over 620% in just seven months. Much of that momentum has been driven by enterprise adoption of Claude and the rapid expansion of Claude Code. In February, Anthropic said more than 500 customers were spending over $1 million annually. By April, that figure had already doubled to more than 1,000. The growth has transformed Anthropic’s valuation too. After being valued at $380 billion in February, the company raised $65 billion at a reported $965 billion valuation in May and later filed confidentially for a US IPO. Run-rate revenue annualises the latest sales

$英偉達(NVDA)$Nvidia has now beaten revenue expectations for ten consecutive quarters, but the size of the surprise is narrowing. Revenue climbed from roughly $27 billion in 2023 to around $68 billion in the latest quarter, while the average beat across the period stood at 4.1%. However, the latest result came in just 3.4% above consensus, compared with an 8.4% beat at the start of the streak. With expectations continuing to rise alongside revenue, can $NVDA keep delivering the upside surprises investors have grown accustomed to?

$英偉達(NVDA)$NVIDIA’s equity portfolio quadrupled to $63.4 billion in Q2, despite making no trades. ◾ Intel $英特爾(INTC)$ : $30.0B ◾ SpaceX $SpaceX(SPCX)$ : $21.0B, disclosed for the first time following its IPO ◾ CoreWeave $CoreWeave, Inc.(CRWV)$ : $4.7B ◾ Coherent Corp.: $3.1B Intel remains NVIDIA’s largest holding, while SpaceX now accounts for a third of the portfolio.

The Last Look at Situational Awareness Before the Blow-Up This chart now looks like a snapshot taken just before everything changed. Situational Awareness, the AI-focused hedge fund run by former OpenAI researcher Leopold Aschenbrenner, reported a $20.2B U.S. equity portfolio at the end of Q2, up 48% quarter over quarter. The concentration was extreme. Sandisk $閃迪(SNDK)$ and Micron Technology $美光科技(MU)$ alone represented 55.5% of the disclosed book, with Bloom Energy, TSMC and Nebius adding another sizeable chunk. Reported leverage had reached as high as 4x. Then July happened: a sharp reversal across several of those positions triggered severe margin pressure, forcing Situational Awareness to unwind it