— Larry Berman (CIO of ETF Capital Management) shared an interesting view on the upcoming Anthropic IPO. Even though everyone is super excited about AI right now, he identified a few key points: 1. Most companies aren't actually making big money from it yet. 2. Where the profits are: Right now, big AI revenues and profits are mostly staying with the giant tech leaders like Microsoft ($MSFT), Nvidia ($NVDA), Alphabet ($GOOGL), and Amazon ($AMZN). 3. The broader market: The rest of the S&P 500 (the S&P 493) has not seen a big boost from AI yet. 4. The fund impact: This also affects broad tech funds like $QQQ and specialized AI ETFs like $AIQ, $BAI, or $BOTZ. 5. Larry views the Anthropic IPO as a major milestone for long-term AI productivity, but cautions that investors shouldn't chase the hype blindly since real revenues remain concentrated in mega-cap tech giants while the rest of the market waits to catch up. Are you sticking with the tech giants making real AI money right now, or holding broader tech funds until the trend spreads? — This is for information only and it is not a financial advice.
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