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- Inside India newsletter: Billionaire Ambani’s mega-IPO faces a valuation reality check amid Musk spat
Jio Platforms, the telecom and digital arm of billionaire Mukesh Ambani, has lowered its valuation ahead of next week's IPO, which will raise up to 302 billion rupees (nearly $3.2 billion) and values the company at around $108 billion, below the over $130 billion floated a year ago. Nomura said enterprise value has shrunk to $118 billion from the $133 billion previously expected, while the equity valuation sits below Bharti Airtel's market capitalization of over $117 billion. Jio positions itself as a tech company, but its monthly ARPU of 214 rupees ($2.25) trails Airtel's, and some experts say it lacks the product expertise to be treated as one. Jio plans to use IPO proceeds to repay 275 billion rupees of telecom debt, then fund green AI infrastructure and a low-earth-orbit satellite network, while Meta and Google, holding nearly 10% and 8%, are not exiting in the offering. The listing comes amid a spat with Elon Musk, who called Jio 'monopolistic' and blamed Ambani for delays to Starlink's launch in India.
- Some Anthropic Investors Now See a $1.5 Trillion IPO, Not $2 Trillion
Reuters reported on October 15, 2026 that some Anthropic investors are weighing a $1.5 trillion valuation for the planned November IPO, down from the roughly $2 trillion they had expected. Slower growth explains the cut: third-quarter revenue rose 45% to $16.8 billion, after second-quarter revenue had more than doubled from the first. Anthropic still reported a $42 billion loss for 2025 in its prospectus, although it says it was profitable on an adjusted basis. Amazon and Alphabet, which are investors, suppliers, partners and competitors, would book smaller future gains on their stakes at a lower price, though neither discloses the carrying value. Anthropic's commitments of at least $518 billion over a decade still flow to suppliers, and Google Cloud revenue grew 82% in the second quarter regardless of the IPO price.
- Douglas Todd : NDP housing plan is working , says David Eby . Here a reality check
NDP leader David Eby says the party's housing plan has driven average asking rents down 13% over the past three years. Analysts attribute much of the decline to lower federal migration after Ottawa curbed international students and non-permanent residents, plus a weak B.C. economy. B.C.'s average rent is $2,403 a month, still the highest in Canada, versus a national average of $2,034. Wendy Waters notes most rental and condo construction decisions predate Eby becoming leader in 2022, while David Williams of the Business Council of B.C. links falling home prices mainly to higher mortgage rates. Waters predicts rents will likely decline in B.C. over the next year.
- The $8 Trillion FOMO Trade Meets the $1 Trillion Supply Problem
Billionaire hedge fund manager Paul Tudor Jones warned on CNBC that 2027 could be a very difficult year for stocks, citing the most negative flow picture for the U.S. stock market since 2002. His concern is supply rather than earnings or recession: IPOs, secondary offerings and insider sales, especially from AI companies such as OpenAI and Anthropic, could approach $1 trillion in new shares while firms direct cash to AI infrastructure instead of buybacks. The author counters that U.S. money market funds held nearly $8 trillion as of October 7, 2026, up from about $4.5 trillion in April 2021, and that reallocating even 10% of those balances could create substantial equity demand.
- Anthropic IPO: Musk Wants AI Firm To Hand Shares Directly To Public, Says 'This Is What I Will Be Doing'
Elon Musk suggested Anthropic should distribute its shares directly to the public, responding to the company's plan to commit 5% of its equity to a new Public Benefit Fund, which could rise by 2% for every 50% increase in valuation above a baseline. Co-founders pledged to donate 80% of their equity, and Anthropic committed $200 million to address AI-driven labor disruption. Critics including David Sacks and investor Vijar Kohli questioned whether the LLC structure serves the public good or could dilute voting rights and complicate the IPO. Anthropic, which confidentially filed for a U.S. listing in June, reported third-quarter revenue of $16.8 billion, up 45% from the previous quarter, but some investors are discussing a valuation near $1.5 trillion, below earlier expectations of $2 trillion.
- Anthropic Reportedly Posted Quarterly Revenue Growth of 50% and Was Cash-Flow Positive. Here's Why It Might Not Be Enough to Impress Investors Before the Company's Massive IPO
Anthropic reportedly told investors at a private day that its revenue reached $16.8 billion for the three months ended Sept. 30, up 50% quarter over quarter, and that it was cash-flow positive and adjusted-profitable. That growth is slower than the 140% gain seen between the first and second quarters, and Jefferies had reportedly expected an annual revenue run rate of at least $80 billion. The company has delayed its IPO registration statement twice amid AI safety concerns and very heavy infrastructure spending. A Saxo Markets strategist says a valuation above $2 trillion would be about 30 times annualized Q3 revenue, making valuation the main debate. The article argues investors are now asking tougher questions about funding, cost of capital and returns, so these results may not impress them much.
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- 2 High-Flying Dividend Stocks to Buy and Hold for a Decade
The article argues healthcare is rebounding in 2026, with Merck (MRK) shares up 39% and AbbVie (ABBV) up 24% year to date, versus about 12% for the S&P 500. Merck's second-quarter revenue rose 5% to $16.6 billion, beating estimates, with Keytruda sales of $8.4 billion, though Keytruda may lose patent exclusivity by 2028. AbbVie's second-quarter revenue grew 10.2% to nearly $17 billion and adjusted EPS rose 22.9% to $3.65, driven by Skyrizi and Rinvoq sales growing about 24%. AbbVie is on a streak of 54 consecutive annual dividend increases, including its time as part of Abbott Laboratories, qualifying it as a Dividend King. The author concludes both are attractive long-term holdings based on financial results, pipelines, and dividends.
- Nvidia (NVDA) Stock Price Lags Massive Earnings Growth—A Compelling Value Opportunity
Munro Partners' Munro Global Growth Fund posted a -12.6% net return in Q3 2026, trailing the MAET.ASX return of -13.8%, with long holdings the main detractors. The fund's letter named NVIDIA (NASDAQ:NVDA) its largest contributor, citing strong earnings growth and guidance for at least 70% revenue growth next fiscal year, versus consensus of 45%. Nvidia reported quarterly revenue of USD96.2bn in August, up 106% year on year, and management said growth would have been closer to 100% without supply constraints. As of October 12, 2026, NVDA closed at $214.13, down 4.23% over the past month and up 19.23% over the past year, with a $5.16 trillion market cap and a 52-week range of $164.27 to $243.37. The fund says demand for semiconductors and AI remains strong, creating a constructive setup as capex and political fears are now priced in.
- Better Artificial Intelligence Stock for 2026: C3.ai vs. SentinelOne
The article compares C3.ai, which sells enterprise AI applications, with SentinelOne, which provides AI-powered autonomous cybersecurity. In fiscal 2026 (ended April 30), C3.ai's revenue was nearly $250.3 million, down 35.7%, with a net loss of $470.4 million and negative free cash flow of $190.7 million. SentinelOne's fiscal 2026 (ended January 31) revenue reached $1.0 billion, up 21.9%, with a net loss of $450.7 million and free cash flow of about $75.9 million, though stock-based compensation equaled roughly 388.4% of operating cash flow. The article cites C3.ai's restructuring plan from February 2026 and long government sales cycles as risks, and SentinelOne's competition from larger vendors and reliance on Amazon hosting. It says SentinelOne trades at a lower valuation relative to sales, while C3.ai has no future earnings estimates.
- Salazar Resources to Begin Drilling the Yumi Gold-Silver Veins at Tarqui, with Porphyry Drilling Planned at Monja, Ecuador
Salazar Resources closed a $3,500,000 non-brokered private placement announced on October 8, 2026, and outlined its exploration plan. Phase 1 is about 1,500 metres of drilling in five holes at the Yumi gold-silver veins on its 100%-owned Tarqui project, with drilling expected to begin in late October 2026, and the veins have not previously been drilled. Selective rock-chip samples returned 105 g/t Au and 1,038 g/t Ag, and historical BHP holes intersected porphyry-style mineralization nearby, which the company interprets as lying on the periphery of a porphyry center not yet located. Phase 2 contemplates up to about 3,500 metres of drilling in four holes at the 100%-owned Monja copper-gold porphyry target from the first quarter of 2027, subject to surface access and permits. A soil survey of about 895 samples is also planned at Quimi, part of the Tarqui-Quimi project.
- Musk: AI’s Hard Part Is “Scaling Power”: 3 Stocks Uniquely Suited to Win This New Bottleneck Trade
Microsoft said it will scale its Maia chips to multi-gigawatt deployments starting next calendar year, and Elon Musk said scaling power is the hard part of AI. The article argues power is an input that chip and app companies cannot copy quickly, which favors Vistra (VST), Constellation Energy (CEG) and GE Vernova (GEV). Vistra has lost nearly a fifth of its value over the past year even though its adjusted EBITDA rose to $5.91 billion, while Constellation's normalized EPS is expected to reach $13.29 in fiscal 2027. GE Vernova's revenue is expected to reach $60.7 billion by fiscal 2028, and Jefferies has a $298 price target on Vistra. The article warns that all three stocks could move with the mood around AI, regardless of their results.
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