Caroline Hyde

I think they're leaning that way.

And if they do this.

The stock could even go a lot higher.

And right now we don't have proof that like that is completely off the ground and is flying with no turbulence.

I think that's the direction.

And if they pull this off, which is today, they build the infrastructure and then tomorrow they're building and capturing the software.

These workloads will not move and they will stay with them for a long time.

So that's the real question.

So I'd say tactically, in a really good spot, I think long term, we all have questions about what the model, what the business looks like.

But when you have CapEx going up 70% for the industry, we're going to spend $700 billion.

And this company has, you know, a $50 to $60 billion market cap, and they have $90 billion contracted backlog.

Plus, like, I think it pretty much tells you a signal like the stock's going higher.

Yeah.

Talk to us about how Anthropic started the week, and it felt like a very long week, but if I cast our minds back, they were part of the Google and Broadcom announcement, and the idea that they're going to be using ever more TPUs, perhaps coming from Google, which are, of course, formed by Broadcom.

How much of a need is there for Anthropic to get the compute right now?

Do you have any idea of which of the customers that are most in the need and know right now?

Because there's some reporting out there that maybe Mythos is being rolled out slowly, because these new models have to be rolled out slowly.

because there isn't the compute to satisfy all our needs.

Well, Anthropic, we've never seen a company get to $30 billion this fast, right?

And so when you think about it, Anthropic looks like a rocket taking off.