The 8:30 show, hosted by Julie Hyman, Jake Conely and Pras Subramanian, covers the day's top stories, including Meta's plan to raise as much as $95 billion for its AI build-out, SpaceX (SPCX) raising $40 billion to pay down chip debt, and the bulls' reaction to these moves. Anthropic (ANTH.PVT) has officially filed for an IPO, targeted for mid-November.
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Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/23/2026 | 642.26 |
| Change that session | -1.02% |
NVDA
▲ Likely positiveNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Jim Cramer's top 10 things to watch in the stock market Monday
Jim Cramer's Monday list starts with Meta's plan to raise $95 billion for AI infrastructure: $35 billion through underwritten public equity offerings and $60 billion through an at-the-market program, with Nvidia, AMD and Broadcom interested in contributing up to $5 billion as cornerstone investors. Elon Musk said SpaceX secured a $40 billion debt deal for AI chips and that debt markets have almost closed to neoclouds, pressuring stocks including CoreWeave. Anthropic filed its IPO prospectus for a Nasdaq listing under the ticker ANT, with terms to come later and Morgan Stanley and Goldman Sachs named as top underwriters. This busy week also brings the Fed's two-day meeting and earnings from 11 companies in Cramer's Investing Club portfolio, including Amazon, Microsoft and Alphabet, while Bernstein trimmed its FedEx price target to $377 from $397 and UBS raised its Amazon target to $348 from $318. Finally, EQT is buying Range Resources in a $13 billion deal to create the nation's largest natural gas producer.
- Anthropic IPO reminds this former Amazon board member of Jeff Bezos's AWS bet
Investors may have to get comfortable with a public Anthropic (ANTH.PVT) spending billions of dollars on its AI vision, much as Amazon did with AWS, which required heavy capex with little short-term profit. Bing Gordon, a former early Amazon board member, recalled the board repeatedly approving AWS capex, including one year of $75 billion, and worrying about the lack of free cash flow while investing for the future. He said the market is usually poor at judging returns three or four years out, and that trust in the CEO, as the Amazon board had in Bezos, matters. The prospectus shows first-half 2026 revenue of $16.3 billion, up from $1.1 billion a year earlier, but a first-half net loss of $80.7 billion; bankers reportedly target a valuation of $1.5 trillion to $2 trillion, with a debut possibly before the end of November.
- How 'the Anthropic story' resembles Amazon's AWS bet
Bing Gordon, an EA founding executive, discussed Anthropic's upcoming IPO (ANTH.PVT) with Yahoo Finance's Brian Sozzi. He compared it to Jeff Bezos's push to keep approving heavy AWS capex while Amazon had no free cash flow early on, including one year of $75 billion that unsettled the board. Gordon said markets are usually poor at judging returns three or four years out, and he framed Anthropic's spending as a similar bet that investment will pay off in that window. He added that Amazon was once seen as a cash-losing business, and that moving from investment to profit is an act of faith in execution.
- Anthropic's $750 Billion Compute Bill Could Delay Its Path to Profitability
According to a draft S-1 filing reported by The Wall Street Journal, Anthropic could spend up to $750 billion on compute over roughly the next decade, including $450 billion in noncancelable cloud contracts. The bulk of that goes to Alphabet ($160 billion for processors leased through Broadcom and $111 billion for Google Cloud), Amazon Web Services ($110 billion), Nvidia ($86 billion) and Microsoft ($31 billion). Revenue reached $16.3 billion in the first half of this year, up from $1.1 billion in the same period of 2025, but losses hit $80 billion, of which $72 billion came from an accounting adjustment tied to convertible notes. The article says GAAP profitability looks distant, even though the company was slightly profitable on an adjusted basis in the third quarter, and that losing a major customer could pressure margins, since two customers account for 20% of revenue.
- Anthropic Has Locked In Over $600 Billion of Computing, More Than Intel Is Worth. It Still Wants More and That’s Big News for AMD.
Ahead of its IPO, Anthropic has committed more than $600 billion to computing, more than Intel's $484.7 billion market value, according to leaked reports of its S-1 filing. The article cites three different totals: $518 billion of signed commitments (Reuters, late September), above $600 billion (Crypto Briefing), and a possible $750 billion of extra computing spending over several years (Wall Street Journal). Anthropic reportedly brought in $16.3 billion of revenue in the first half of 2026 but posted an $80.7 billion net loss, mostly from accounting charges. AMD said Anthropic will deploy up to 2 gigawatts of its MI450 GPUs starting in the first half of 2027, and AMD's second-quarter revenue rose 50.1% to $11.54 billion, with Data Center revenue up 107% to $6.72 billion. The article says the risks center on Anthropic's hard-to-cancel commitments, its losses and its dependence on an IPO, and notes AMD trades at a P/E of 201.
- Anthropic Is in Talks for Another $45 Billion AI Deal. Nvidia Could Be a Big Winner.
Anthropic, the company behind Claude, is reportedly in talks with British neocloud provider Nscale to expand an existing compute deal by about $45 billion in contract value, which would bring its total Nscale commitment to roughly $90 billion. The proposed deal would add 460 megawatts of capacity using Nvidia's Vera Rubin chips in a second building at Nscale's Monarch campus in West Virginia, plus a right of first refusal on a planned third building. Nscale's customer base is highly concentrated, with Microsoft and Anthropic accounting for about 85% of its contract value, and Microsoft pulled out of a planned UK data center after power connection delays. Anthropic is preparing an IPO reportedly targeting a $1.5–2 trillion valuation, with 2025 revenue of about $4.6 billion, $7.33 billion spent on computing and infrastructure, and an operating loss of over $8 billion.
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Reif Law Group filed a petition in San Diego County Superior Court seeking FINRA arbitration against Morgan Stanley Smith Barney LLC and advisor Nicholas S. Westendorf on behalf of Michael J. Massery, a 77-year-old retiree. The petition alleges the firm placed him in a covered call strategy meant to protect his stock, then kept rolling the options for four years after he asked in writing to exit, until his Apple and NVIDIA shares were called away. Over more than 200 option transactions, the cost of exiting allegedly grew from about $434,000 to about $1 million. In December 2024, roughly 8,000 NVIDIA and 9,000 Apple shares were called away at strike prices far below market value, followed by a tax bill on the gains. The petition quotes an advisor's email stating the investor should have never been put into this strategy.
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The Bretton Fund's Q3 2026 letter reports a -1.75% return for the quarter, versus +2.30% for the S&P 500. Microsoft and SAP were the strongest contributors, while Eagle Materials and Dream Finders Homes were hurt by a delayed housing recovery. The letter highlights Mobility Global (NYSE:MBGL), spun off from S&P Global at the start of July and renamed in February 2026, and says management judged its auto business to have little overlap with S&P Global's capital markets businesses. The stock closed at $18.76 on October 23, 2026, with a market capitalization of $5.53 billion, and returned 5.63% over the past month. Three hedge fund portfolios held it at the end of the second quarter, versus zero in the previous quarter.
- Elon Musk Warns Of 'Guppy-Level Death' For Hundreds of AI Cloud Firms. Others Are Not so Sure.
Elon Musk warned that more than 200 specialized AI cloud companies, known as neoclouds, could face widespread failures and consolidation as financing becomes harder to obtain. He said debt markets have almost entirely closed to firms without substantial revenue outside the AI data center business. CoreWeave and Nebius each lost more than 30% of their market value this month, and IREN fell about 40%, as the cost of insuring CoreWeave's debt against default rose sharply. Recent deals include CoreWeave's $4.2 billion convertible notes, a $3.5 billion Citi facility for Nebius and $2.8 billion in GPU financing for IREN. Nvidia and industry executives, however, say demand for computing power remains strong.
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JetBlue Airways shares fell 16% to $2.22 after a creditor group preparing for a possible restructuring hired restructuring advisers, according to a Wall Street Journal report; the group includes holders of senior bonds and a first-lien loan. Those bonds, backed by collateral tied to the loyalty program, have fallen to record lows. JetBlue has not commented on the hirings, and its CEO said in April the company was not considering bankruptcy this year. Meanwhile, United Airlines rose 3% to $100.75, Delta Air Lines rose 2% to $78.19, and the U.S. Global Jets ETF gained 0.8%. The article points to JetBlue's third-quarter 2026 report as the next key test.
- 98% Of Nvidia Analysts Have “Buy” Rating
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