Jon Quast

It's doing shareholder-friendly things with its ongoing profits.

You put it all together, and I believe Crocs does have a comeback in store.

I think it's a market beater over the next five years.

Oh, you mean the shoes.

I thought you meant the stock.

No, I do not personally own any Crocs shoes.

However, there are several pairs of Crocs shoes in the Quast household.

I want to point out that the CEO of Anthropic recently said some AI giants are taking reckless hundreds of billions, spending risks on data centers and chips.

He didn't name names, but I think that we're all knowing who he's talking about, his former employer, OpenAI.

These companies are spending a ton of money.

To Matt's point, yes, they're making revenue, they're generating revenue, but they do need money because they are burning cash.

Now, Deutsche Bank has done some research and done some projections.

Anthropic is expected to burn cash over the next, let's say, two, three years.

But it's somewhat modest.

I think that they'll be able to raise what they need.

On the other hand, OpenAI is projected to burn at least $140 billion cumulatively through 2029.

I don't even know if my brain can comprehend that number.

These companies are looking for funds so that they can execute on their business ambitions.

They're already valued at over $300 billion and over $500 billion for OpenAI.

These are some of the largest private valuations in history.