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Saturday, September 5, 2026

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*META COULD SPEND UP TO $10B/YEAR ON ANTHROPIC AI: NYT So $META is like 15%+ of Anthropic's ARR? "At one point this year, Meta internally projected that it could spend as much as $10 billion annually on Anthropic’s A.I. models, said two of the people, who declined to be identified discussing private information. That would have formed a major chunk of Anthropic’s yearly revenue, which the start-up estimated in July would pass $65 billion." - NYT
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70% FY28 revenue growth is incredible, but if you were an $NVDA bear before that call, it’s very unlikely that view has changed (sure maybe funding shorts get covered) The bear argument is more intact than ever. Nvidia’s demand, while very robust, still comes in part from largely unprofitable companies/labs which are of course dependent on Nvidia for financing Jensen addressed these concerns directly, saying "frontier labs sales are skyrocketing, their margins are fantastic…they're generating profitable tokens…they're only limited by the amount of compute” The bear argument isn't going to be solved by fantastic numbers in any given quarter, it will take lots of time to be proven right or wrong

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TSOH Weekly Roundup (09/04/2026)

TSOH Weekly Roundup covers Costco’s $4.99 chicken supply chain, Celsius’s 20% energy-drink share, and California utilities’ wildfire…

COST $410B
TSOH Investment Research 5 clicks

Dollar Tree: Weathering The Storm

Dollar Tree’s $1.25 opening price and multi-price assortment supported 10% two-year comparable-sales growth, outpacing Walmart U.S.

DLTR $25B
TSOH Investment Research

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