Earnings
8 items across 5 editions · appeared in the last 5 editions in a row. First seen Fri 11 Sep, last seen Tue 15 Sep.
- CrowdStrike chief executive George Kurtz told CNBC's "Mad Money" on Monday: "The genie's out of the bottle. There's plenty of models that are already out there, both frontier as well as open-weight models, that can already be dangerous." He was responding to Dario Amodei's essay calling on frontier labs to slow the pace of model development.
- CNBC reports CrowdStrike surged nearly 14% on Monday to a record-high close above $235 per share and Palo Alto Networks jumped just over 13%, and that both stocks have gained 100% year to date. Benzinga, writing at 9:23 AM ET on 14 September, reported Okta up roughly 4% in the same rotation.
- Kurtz argued the security industry has to work at runtime rather than at the frontier: "We can look at what these programs do. We can put our own guardrails around them at runtime… and we can prevent them from doing bad things." He added "What I do know is that the agents are dangerous" and "You need equivalent or better AI defenses to combat the AI agents."
- Kurtz also cautioned against regulation, saying "If we put too much regulation around this, then it's going to stifle innovation." CNBC published no measurement of AI-related attack volume alongside the interview; the share moves are market reaction, not evidence about model risk.
- Asked on CNBC's "Mad Money" on Monday whether the AI slowdown debate had caused him to reconsider Broadcom's fiscal 2027 and 2028 AI semiconductor forecasts, chief executive Hock Tan said: "No, not in the least." On the 2 September earnings call he had forecast AI semiconductor revenue of $115 billion in fiscal 2027, doubling to $230 billion in fiscal 2028.
- CNBC reports Broadcom shares fell 4.8% on Monday and the iShares Semiconductor ETF fell 5.6%, as investors reconsidered compute demand after Amodei's essay. Tan said Anthropic is on track to become Broadcom's largest custom chip customer in 2027 and to hold that position in 2028, displacing Google.
- Tan said he agrees with Amodei about the need for some restrictions — "Like any tool, it's important to put governances, safeguards on how we use the tool" — but added of AI that "It's not a live animal that will run wild by itself."
- The $115 billion and $230 billion figures are company guidance, not booked revenue, and Broadcom has not disclosed the contracted volumes behind them.
- The Associated Press reports that on Monday 14 September SoftBank Group fell 10.7% in Tokyo, SK Hynix and Kioxia Holdings each fell 6.4%, Samsung Electronics fell 4.1%, TSMC fell 1.2% and Tokyo Electron fell 1%. South Korea's Kospi lost 3.3% to 6,684.37 and Japan's Nikkei 225 slid 0.8% to 63,492.99, while Hong Kong's Hang Seng rose 0.4% to 24,904.46.
- Reuters reports that in US premarket trade at 04:46 a.m. ET, Nasdaq 100 e-minis were down 505.5 points or 1.72%, S&P 500 e-minis down 53.25 points or 0.70% and Dow e-minis down 97 points or 0.18%. Nvidia fell more than 2%, Intel nearly 6%, Marvell Technology around 6% and AMD around 5%, while Meta and Amazon each fell more than 1%. ServiceNow rose 3%, and Adobe and Workday 2.5% each.
- The AP quotes Dan Baker of Morningstar saying the decline "probably reflects the possibility that AI development may be slowed by regulators to try to avoid the worst case outcomes".
- These are intraday and premarket moves, not closing prices, and the pacing debate was not the only thing moving markets: the AP reports Brent crude rose 2.8% to US$107.55 a barrel in the same session.
- CNBC reported on 14 September: "Anthropic has picked the Nasdaq as the exchange for its potential IPO, CNBC confirmed after Business Insider first reported the selection." The company was valued at $965 billion earlier this year, confidentially filed its IPO prospectus in June, has been widely expected to list as soon as next month and "could seek a $2 trillion valuation in its IPO".
- CNBC reports Anthropic hit $65 billion in annualised revenue in July, about a sevenfold increase from the prior year. Matt Murphy, a partner at Menlo Ventures and an Anthropic investor, called the growth rate "off the charts" and said: "Don't see why growth would slow or any other reason to wait."
- Gil Luria, an equity analyst at D.A. Davidson, told CNBC: "I don't know that investors are necessarily going to see it as a negative. Unless the companies are genuine and say, 'OK, we're not going to IPO, we're not going to use any more compute, we're not going to train any more models.' That's not what they're saying." CNBC also cites a Pew Research Center report that more than half of Americans say they are more concerned than excited about the growing use of AI in daily life, up from 37% in 2021.
- Anthropic and OpenAI declined to comment. No filing date, price range or exchange confirmation has come from the company itself, and the $2 trillion figure is reported as what the company could seek, not a set target.
- Reuters, summarising a Financial Times report published on 13 September, says Anthropic told shareholders that "adjusted operating income will be positive for a second straight quarter", and that gross margins are above 80% before accounting for revenue shared with distribution partners, including Amazon, and the cost of training its models.
- CNBC, reporting the same FT story on 14 September, says the FT cited people familiar with the matter and that the profit refers to the current period.
- The figures are being shown to shareholders ahead of a listing the company has not yet dated, at the moment its own chief executive is arguing publicly that the industry should slow down.
- These are Anthropic's own numbers, relayed by unnamed people to the FT; Reuters says it could not independently verify the report and that Anthropic did not respond to a request for comment. The 80% margin figure excludes partner revenue share and model training costs, so it is not a gross margin on the ordinary definition.
- Altman told Fortune: "I actually think that given everything happening with safety, right now would be an ill-advised moment to go public." Asked directly about 2026, he said: "I would say not 2026, yeah. We've got a lot of stuff to do."
- TechCrunch, publishing at 1:19 PM PDT on 12 September, reports OpenAI has filed confidentially for an IPO, and that the New York Times reported in June the company had hired bankers and lawyers targeting Q3 or Q4 2026 before leaning towards 2027.
- CNBC says the decision "pushes one of the most anticipated IPOs in history until at least 2027", and notes OpenAI CFO Sara Friar told employees last month the company would likely go public in 2027 or sooner if "our business continues to inflect".
- Altman gave no replacement timetable beyond ruling out this year, saying OpenAI would list "when we're ready, when the business is ready". CNBC reports Anthropic is also preparing for an IPO without having disclosed a date.
- TechCrunch reported on 11 September at 12:35 pm PDT that Moonshot AI is "targeting $2 billion in annualized revenue by the end of the year", a doubling of its August run rate. For scale, TechCrunch puts OpenAI's revenue run rate at $40 billion and Anthropic's annualised revenue at $65 billion.
- OpenRouter data cited by TechCrunch shows Moonshot's K3 models generating "as many as 300 billion tokens being generated each day" on that platform, with usage down slightly in recent months.
- The figures matter because Moonshot ships open weights, which carry lower margins than closed models; a $2 billion run rate would be the strongest commercial evidence yet for that business model.
- In the same week Anthropic accused Moonshot of routing "nearly 300,000 requests from Kimi directly to Claude Opus" and collecting "more than 23 million responses". The revenue figures are Moonshot's own, given to investors, and are not independently verified; Moonshot's response to the distillation allegation is not in the piece.
- Oracle reported first-quarter fiscal 2027 results on 10 September: total revenue $19.3 billion, up 30%; total cloud revenue $11.6 billion, up 62%; cloud infrastructure revenue up 121% to $7.4 billion. GAAP EPS was $1.56 (up 55%) and non-GAAP EPS $1.92 (up 30%). Capital expenditure for the quarter was $28.5 billion.
- Remaining performance obligations — contracted revenue not yet recognised — reached $664 billion, up $209 billion year over year. That backlog is the clearest single number for how much AI compute demand has been contracted rather than merely forecast.
- Quarterly capex of $28.5 billion against quarterly revenue of $19.3 billion is the figure to watch: Oracle is spending more each quarter than it takes in, on the expectation that RPO converts. Conversion timing, not demand, is the risk.
- The press release does not attribute quotes to named executives on AI or GPU supply, and does not break out GPU delivery volumes.