▶ 7:09 · $MSFT · Denny Fish: Microsoft rerating as AI ROI concerns fade with three-year payback

episode briefing

Anthropic’s $65 Billion Surge, OpenAI’s Teen Push | Bloomberg Tech 8/18/2026

2026-08-18 · 11 company · 18 thematic

sentiment

10 bull0 bear1 neu

speakers

20-year semiconductor investor managing tech-focused portfolios; analyzes AI supply chain, hyperscaler capex, and public market implications.

ryan

Host of the podcast (Long Strange Trip). Previously worked at PTC in the 1990s. Built HubSpot through 'founder mode' flat organization. Experimented with eliminating org charts/titles 4 years in but reverted due to lack of intelligence systems. Now exploring 'Dorsey mode' AI-centered organization.

dan lavah

Runs an AI stress-testing and cybersecurity evaluation startup that works with frontier labs to discover model capabilities and containment failures before deployment.

dave

Dave is a co-host of Dumb Money Live, an investment podcast. He participates in investment discussions, manages positions in Amazon, Robinhood, and Sweetgreen, and helps steer the show's research agenda including upcoming episodes on Take-Two/GTA 6 and a new spin-off show.

shirin ghaffary

Bloomberg reporter covering artificial intelligence companies and funding trends; broke the story on Anthropic's $65B revenue run rate.

quote

“WE THINK THERE IS A LOT OF MONEY TO BE MADE WITH COMPANIES -- AS MICROSOFT STARTS TO RERATE AFTER IT HAD A QUARTER IT HAD, IT HAS UNDERPERFORMED FOR THE LAST 18 MONTHS BECAUSE CONCERNS ABOUT ROI ON SPEND, THE IMPACT OF AI ON THE SOFTWARE B…”

—denny fish

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