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What’s Happening in the AI Trade: Anthropic IPO All-Day Livestream x.com/i/broadcasts/2…
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COSTCO $COST HAS SOLD ITS HOT DOG AND SODA COMBO FOR $1.50 SINCE THE 1980s
Adjusted for inflation, $1.50 in 1985 works out to about $4.37 in 2024 dollars, based on BLS consumer price data.
Former CEO Craig Jelinek recalled co-founder Jim Sinegal telling him, "If you raise the effing hot dog, I will kill you. Figure it out," per Fox Business.
In 2013, Costco switched its soda to Pepsi and kept the price at $1.50. In 2025, it switched back to Coca-Cola.
In 2022, then-CFO Richard Galanti said Costco could hold the price "forever," per Fortune.
In fiscal 2025, Costco sold 245.1 million hot dog and soda combos, per the company.
Adjusted for inflation, $1.50 in 1985 works out to about $4.37 in 2024 dollars, based on BLS consumer price data.
Former CEO Craig Jelinek recalled co-founder Jim Sinegal telling him, "If you raise the effing hot dog, I will kill you. Figure it out," per Fox Business.
In 2013, Costco switched its soda to Pepsi and kept the price at $1.50. In 2025, it switched back to Coca-Cola.
In 2022, then-CFO Richard Galanti said Costco could hold the price "forever," per Fortune.
In fiscal 2025, Costco sold 245.1 million hot dog and soda combos, per the company.
ANTHROPIC IS BUYING ITS OWN POWER PLANTS
Anthropic agreed to pay $3.4 billion for 1.7 gigawatts of gas-fired generators for its AI data centers, per the FT.
It's the largest known single purchase of power-generation equipment by an AI lab.
• Anthropic took over Caterpillar $CAT generator orders from San Antonio-based OnePWR Solutions
• It didn't buy the company itself
• Anthropic said this week it plans to spend more than $895 billion in the years ahead, mostly on computing power and infrastructure
AI labs are now skipping the middlemen to lock down scarce power equipment.
Anthropic agreed to pay $3.4 billion for 1.7 gigawatts of gas-fired generators for its AI data centers, per the FT.
It's the largest known single purchase of power-generation equipment by an AI lab.
• Anthropic took over Caterpillar $CAT generator orders from San Antonio-based OnePWR Solutions
• It didn't buy the company itself
• Anthropic said this week it plans to spend more than $895 billion in the years ahead, mostly on computing power and infrastructure
AI labs are now skipping the middlemen to lock down scarce power equipment.
ON THIS DAY IN 2022, BINANCE AGREED TO RESCUE FTX. THREE DAYS LATER, FTX WAS BANKRUPT
FTX had been valued at $32 billion earlier that year, with backing from big-name investors like Sequoia and SoftBank.
Then customers rushed to pull their money out, and FTX couldn't pay them.
On November 8, rival Binance signed a non-binding letter of intent to buy it. The next day, Binance walked away after reviewing FTX's finances, citing reports that customer funds had been mishandled.
On November 11, FTX filed for bankruptcy and Sam Bankman-Fried stepped down as CEO.
The final unraveling took about a week.
FTX had been valued at $32 billion earlier that year, with backing from big-name investors like Sequoia and SoftBank.
Then customers rushed to pull their money out, and FTX couldn't pay them.
On November 8, rival Binance signed a non-binding letter of intent to buy it. The next day, Binance walked away after reviewing FTX's finances, citing reports that customer funds had been mishandled.
On November 11, FTX filed for bankruptcy and Sam Bankman-Fried stepped down as CEO.
The final unraveling took about a week.
HERE'S WHAT THE 🇺🇸 STOCK MARKET LOOKED LIKE THIS WEEK
Up
• Stryker $SYK +11.7%
• Amazon $AMZN +7.9%
• Lowe's $LOW +7.4%
• McDonald's $MCD +7.1%
• GE Aerospace $GE +7.1%
• Royal Caribbean $RCL +6.5%
• Medtronic $MDT +5.5%
• Disney $DIS +5.2%
Down
• Seagate $STX -28.5%
• Western Digital $WDC -28.0%
• SanDisk $SNDK -27.4%
• Dell $DELL -22.6%
• Micron $MU -22.0%
• Marathon Petroleum $MPC -16.2%
• Intel $INTC -14.4%
• Palo Alto Networks $PANW -14.2%
Memory and storage names led the losers, with Seagate down -28.5% and Western Digital and SanDisk both down more than 27%. Dell and Micron each fell more than 22%.
Chips dragged the megacaps, with Nvidia $NVDA -8.8% and Broadcom $AVGO -9.9%. Tesla $TSLA fell -10.4%, and energy sank too, with Exxon $XOM -11.4% and Chevron $CVX -9.7%.
Amazon rallied +7.9%, the best megacap of the week. Consumer names held up, with Lowe's +7.4%, McDonald's +7.1% and Royal Caribbean +6.5%, while Stryker led the index higher at +11.7%.
Up
• Stryker $SYK +11.7%
• Amazon $AMZN +7.9%
• Lowe's $LOW +7.4%
• McDonald's $MCD +7.1%
• GE Aerospace $GE +7.1%
• Royal Caribbean $RCL +6.5%
• Medtronic $MDT +5.5%
• Disney $DIS +5.2%
Down
• Seagate $STX -28.5%
• Western Digital $WDC -28.0%
• SanDisk $SNDK -27.4%
• Dell $DELL -22.6%
• Micron $MU -22.0%
• Marathon Petroleum $MPC -16.2%
• Intel $INTC -14.4%
• Palo Alto Networks $PANW -14.2%
Memory and storage names led the losers, with Seagate down -28.5% and Western Digital and SanDisk both down more than 27%. Dell and Micron each fell more than 22%.
Chips dragged the megacaps, with Nvidia $NVDA -8.8% and Broadcom $AVGO -9.9%. Tesla $TSLA fell -10.4%, and energy sank too, with Exxon $XOM -11.4% and Chevron $CVX -9.7%.
Amazon rallied +7.9%, the best megacap of the week. Consumer names held up, with Lowe's +7.4%, McDonald's +7.1% and Royal Caribbean +6.5%, while Stryker led the index higher at +11.7%.
