SELL EVERYTHING (Including Your Dollars), Tesla Roadster Hype, Valar Atomics VC Feud | Reed Albergotti, Bryan Cantrill, Daniel Kimminau

Anthropic's 9x annualized growth to $67B disappointed overheated expectations, triggering a rotation out of AI stocks into Dow/SaaS names.

• Anthropic's deceleration: Q3 revenue of $16.8B annualizes to $67.2B (~9x YoY), missing bullish expectations of $90-100B+; distillation now estimated at 5-7% of revenue, lower than feared.
• Market rotation, not collapse: Nasdaq down only ~0.3-0.4% while Dow rose ~1%; CoreWeave down ~50% in a month as capital rotates from AI infra into SaaS/Dow names amid hot PPI inflation data.

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