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- Anthropic Is 'Betting Its Entire Existence On Optimism': Michael Burry Flags Risks After AI Firm's Updated S-1, Says Won't Pursue IPO Shares
Michael Burry says Anthropic would need 'supernormal' growth to meet its contractual commitments, and he will not seek an allocation in the upcoming IPO. By his calculation, total commitments are $1.05 trillion to $1.07 trillion, above the disclosed $895.4 billion, because the figure excludes contracts tied to AMD, Google and SpaceX. To cover projected payments of $101 billion in 2027, $112 billion in 2028 and $127 billion in 2029, the company would need 11.6% sequential monthly revenue growth through 2027. Q3 sales rose 47% sequentially, slowing from 144% in Q2 and 132% in Q1. He also notes that the $120.5 billion SpaceXAI contract is outside the S-1 obligation tables, so near-term spending over 12 months could exceed $100.8 billion rather than the reported $69.8 billion.
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Rocket Lab shares fell 21.5% in October, according to S&P Global Market Intelligence, while the S&P 500 dipped 0.9%. The decline followed an Oct. 14 announcement that the inaugural launch of the partially reusable Neutron rocket, scheduled for later this year, was pushed into 2027 after a manufacturing issue created voids between carbon fiber layers in the propellant dome. The company said the issue has been corrected and a dome made with a different process has passed inspection, and on Oct. 28 it said Neutron's Stage 2 and Thrust Modules had arrived at the Virginia launch complex. The article notes the timing of the first flight remains uncertain, as the original 2024 target had been pushed back several times. Rocket Lab also plans to acquire Iridium Communications and recently announced its 99th successful Electron launch.
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As of the end of October 2026, individual investors held more than 14.3 million securities accounts, equal to over 14% of the population. In October, domestic accounts rose by more than 252,000, 7,000 more than the previous month, mainly from individuals, while institutions added only 185; year to date, domestic accounts have grown by more than 2.5 million. Amid strong volatility, VN-Index briefly fell below 1,680 before closing the month above 1,740, down 1.5%. Foreign investors net sold more than VND 24,000 billion on HoSE in October, bringing year-to-date net selling to VND 122,000 billion, close to last year's record, and extending net selling to 10 consecutive months despite Vietnam's upgrade to emerging market status. Foreign investor accounts rose by 191 in October, to a total of 53,088.
- Transformation capacity: a prerequisite for Vietnam to escape the middle-income trap
The article argues that escaping the middle-income trap requires a qualitative transformation of the economy, not just faster growth. Now that Vietnam has entered the upper-middle-income group, earlier advantages such as low costs and easy integration into regional supply chains may no longer sustain long-term development. According to the article, productivity, technology, human resource quality, innovation capacity and firms' competitiveness will determine the ability to create new value. It stresses that transformation capacity, meaning the ability to proactively change the growth foundation, is key, and that the gap between recognising the need for change and actually implementing it is a major obstacle.
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Mirae Asset estimates passive inflows from FTSE index-tracking funds into Vietnam could reach about $2,098.5 million once allocations are complete, with FTSE Global All Cap funds contributing nearly $1.19 billion. The December 2026 quarterly review is expected to leave the 27 Vietnamese stocks unchanged, with changes mainly from weight adjustments. The March and June 2027 tranches could together correspond to about $1.15 billion within a four-stage schedule ending in September 2027, which Mirae Asset considers more notable. VIC of Vingroup is projected to receive the most, $655 million (over 31% of the total), about 3.6 times the $181 million expected for VHM. Share price movements through March 2027 could materially change the size and composition of these flows.
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