Anthropic's preliminary IPO valuation range is $1.25 trillion to $1.4 trillion ahead of its planned Nasdaq listing next week, if plans proceed. According to Sina Finance, several investors interviewed expect the final pricing to exceed that range. AllianceBernstein small- and mid-cap growth Chief Investment Officer Samantha Lau said pricing above the range would indicate strong underlying demand. The preliminary range is below the $1.5 trillion or higher valuation investment banks had previously expected. Investors said OpenAI's fundraising plans—targeting $9 billion, with an upper target of $11 billion—had weighed on the lower end of Anthropic's range. Anthropic's third-quarter revenue was $17 billion, compared with OpenAI's $10 billion. One valuation scenario assumes Anthropic's annualized revenue approaches $100 billion by year-end, up from $81 billion on an October basis, and doubles over the following two years. With an adjusted operating margin of 25%, compared with 19% in the June quarter, that scenario implies about $50 billion in operating profit in 2028 and a current valuation above 25 times 2028 EBIT. Gabelli Funds portfolio manager John Belton called a roughly 25-times EBIT multiple inexpensive relative to software stocks but somewhat expensive compared with large technology companies. Morningstar analyst Ahmed Khan valued Anthropic at $1.7 trillion and forecast 47% annualized revenue growth over five years. His optimistic scenario valued the company at $3.4 trillion, potentially still too low if its models can train and iterate autonomously. Investors also raised questions about the effects of Nvidia CEO Jensen Huang's reported resignation on AI-sector volatility and Anthropic's IPO. Belton said model companies benefit from Nvidia's ongoing technical innovation. Another investor said Anthropic's chip neutrality could be an advantage over OpenAI and Google, while demand for IPO funds may prompt investors to trim semiconductor holdings. Investors also questioned whether Anthropic can sustain growth beyond its AI coding-assistant business and expand into other industries.

India’s trade deficit widened to a one-year high in October as festive-season demand and higher oil prices pushed up imports, Bloomberg reported.

According to ChainCatcher citing Liquid247.xyz, Hyperliquid address 0xc3ed57...00dd opened a 500 BTC long position with a notional value of $34.5 million at an average execution price of $68,997. BTC was trading at $69,001 at the time of publication.

Indonesian stocks are on track for their best week since mid-June as foreign investors returned to the market after months of selling, according to Bloomberg.

黄仁勋辞职不到24小时，英伟达内部先炸了：1600多条留言、数百人联名请愿要求他复职，董事会则被要求集体下课。

英伟达把信用注入整条AI产业链，看似更强也更脆弱。用杨小凯的分工理论看，黄仁勋做的是一次治理模式的选择。

24家公司中恰好一半的业绩与首日价格方向不同，财报过线不代表市场愿意给出更高价格。

2026年11月12日，黄仁勋正式辞去CEO等职务，结束长达33年的公司领导生涯。英伟达股价大幅波动，美股AI产业链及加密市场也受到波及，没有了黄仁勋的英伟达将何去何从？

没有万能的资产，只有不同的角色分工：美债是工资，黄金是保险，BTC是期权。

黄仁勋辞职后，英伟达第一次有了董事长。CFO克雷斯临时接棒，哈维·琼斯主持董事会，这家公司正在脱下创始人的皮夹克。

彭博社还原黄仁勋辞职前最后几小时：他精神崩溃、自责“我是个烂人”，董事会连夜会议决定要求其辞职。

中国在全球机器人竞赛中处于什么位置、竞争优势在哪里，更重要的是，可投资的空白在哪里

Anthropic百亿IPO投资、Figure AI追加10亿、Nscale逾50亿信贷担保等多笔谈判中交易前途未卜。同时，其5000亿AI融资平台陷入停滞，部分客户正酝酿转向AMD或谷歌。

我们从去中心化来，但实际最终还得回到现实，不管是监管还是政策，现在几乎已经主导了加密行业，屠龙少年终成恶龙，这是商业循环，亘古不变。