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Back to Josh Brown: If This Is A Bubble, It’s Pathetic, with Josh Brown.

Does Anthropic Have a Moat?

Josh Brown does not think Anthropic has a moat like SpaceX, Nvidia, or Apple. Scott Galloway had argued there is a non-zero probability that Anthropic is the most valuable company in the world within 36 to 48 months. Josh Brown will not rule that out, and he does not feel sure enough to agree.

SpaceX is his model for a company that can go public worth a trillion or two, because the rockets, the cost of getting payloads up, and Starlink are not an obvious thing for another firm to copy. Rocket Lab is public and tiny beside that. He puts Nvidia and Apple in the same unassailable category. Anthropic might still build that kind of moat. He also says OpenAI could go public in the first quarter, maybe as soon as January if Anthropic's debut is well received, and that Anthropic, OpenAI, and Gemini could spend the next three years in a price war.

Transcript

Josh Brown: If This Is A Bubble, It’s Pathetic ·

Prof G Markets

More from this episode

  1. How Fast Is Anthropic's Revenue Growing?Josh Brown says the revenue growth is what stood out in Anthropic's filing, even though leaks and comments from private investors had already pointed the same…
  2. Why Is Anthropic's $80.7 Billion Loss the Wrong Number?Josh Brown says Anthropic's $80.7 billion headline loss is the wrong figure to fixate on.
  3. How Much Has Anthropic Agreed to Spend on Compute?Ed Elson says Anthropic has already signed up to spend $800 billion, and those dollars are not on the income statement yet.
  4. What Is the Bear Case Against Anthropic?Scott Galloway says the bear case against Anthropic is that large companies will put a budget on AI use, and that frontier models have no real switching costs.
  5. What Did Josh Brown Make of the Anthropic S-1?Josh Brown wanted to hate the Anthropic S-1, but after reading it he recognized the numbers and stopped short of a full reversal.
  6. Why Does Josh Brown Think Anthropic Timed Its IPO Well?Josh Brown says Anthropic nailed the timing of its IPO.
  7. Why Does Josh Brown Say the AI Bubble Is Pathetic?Josh Brown says that if this is a bubble, it is the most pathetic one he has ever seen, and an anti-bubble.
  8. Who Benefits If the AI Neoclouds Fail?Josh Brown says a shakeout among neoclouds is good for the companies that already own compute.
  9. Will Anthropic Create Thousands of Multimillionaires?Josh Brown says Anthropic is going to create thousands of multimillionaire households.
  10. What Does Josh Brown Think Is Netflix's Biggest Problem?Josh Brown says Netflix's biggest problem is a comparison the company cannot do much about.
  11. When Does a Bull Market Hit Its Yearly High?Josh Brown says the high of the year in a bull market lands in December or January almost all the time.

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