Program and guest
A short Yahoo Finance interview with Jay Goldberg, senior analyst at Seaport Research Partners. Original English title: The first analyst covering Anthropic won't put a rating on it.
Key points
- - Seaport's research report estimates that Anthropic has infrastructure commitments of nearly 800 billion dollars through 2033, raising questions about its long-term profitability 0:06
- - Goldberg is not assigning a rating because the company has not yet gone public, a rating needs a share price as an anchor, and the S-1 is a preliminary filing with significant gaps. He wants to hear what management says on the roadshow first 0:30
- - By the measure of operating profit, Anthropic has only just become profitable; its operating profit since the first quarter of 2025 has approached 1 billion dollars 1:03
- - The company has explicitly warned that it may be profitable for the next one or two quarters, but will then return to losses as it changes how it acquires compute resources. That is the heart of the current story 1:25
Background and notes
A short Yahoo Finance interview with Jay Goldberg, the first analyst to cover Anthropic. Subtitle coverage: 0:00–6:20 (total length 6:18), covering the full video. The views and timestamps in this article are based on the original subtitles; timestamps mark the start of the corresponding segments of speech.