Nov 11, 2026 · 44 min
Anthropic IPO tests AI’s market power as inflation bites
CPI, NVIDIA, Anthropic IPO, T-Mobile & Block
The episode connects a major AI offering and corporate strategy shifts with the inflation, energy costs, and yields shaping investor sentiment.
- 1Anthropic’s IPO could reinforce bullish AI sentiment despite slowing sequential revenue growth and broader market pressure.
- 2NVIDIA faces a leadership and communication crisis as scrutiny intensifies around its ability to defend its AI dominance.
- 3T-Mobile and Block outline competing approaches to network value, financial services, and AI-enabled productivity.
Don't miss
Cramer argues that Anthropic’s IPO could provide broad relief for the AI trade even as inflation and yields pressure markets.
The brief
Jim Cramer frames a hawkish market around hot inflation, expensive oil, rising Treasury yields, and political uncertainty, while searching for catalysts that could soften the selloff.
The episode’s sharpest corporate critique targets NVIDIA and Jensen Huang: Cramer argues the company must explain how it will defend its AI leadership under mounting scrutiny.
Anthropic’s proposed IPO becomes the bullish counterpoint, with strong institutional demand, enterprise-heavy revenue, and rapid Claude Code adoption offset by slowing sequential growth.
T-Mobile CEO Srinivas Gopal discusses network quality, customer value, and potential SpaceX competition, while Block executives describe improving Square and Cash App performance.
Cramer closes by arguing that lower oil and consumer resistance to high prices could help bring inflation down, even as markets remain vulnerable.
What was said on this episode
27 statements · 22 positive · 5 negative
Higher Treasury yields are negative for housing
“the U.S. 10-year yield climbing back to right around 5%. Bad for housing again.”
Listen at 1:50
An Iran war wind-down would sharply reduce oil prices
“If that's the case, then the price of oil will plummet.”
Listen at 2:38
Oil prices could fall to $40
“If we see oil plummet to $40”
Listen at 3:27
NVIDIA can survive and thrive under a worst-case scenario
“NVIDIA is a company that can survive and thrive under the worst-case scenario.”
Listen at 4:20
NVIDIA should have Ian Buck explain its AI and product roadmap
“NVIDIA should put out the in-buck as soon as possible to speak about accelerated computing, artificial intelligence, and the next products that NVIDIA has in the pipeline”
Listen at 5:21
NVIDIA should replace its buyback plan with a $500 billion repurchase
“announce a new buyback to end all buybacks, superseding its existing $235 billion plan. Half a trillion dollars should suffice”
Listen at 5:44
NVIDIA should appoint Ian Buck as interim CEO
“Finally, name an interim CEO, perhaps the same Ian Buck”
Listen at 6:24
Oil could decline and inflation peak, eliminating rate hikes
“We could have oil going down. inflation peaking, no need for rate hikes”
Listen at 8:01
The Anthropic IPO could fail after its initial pricing
“the Anthropic IPO bombs because there is no buying power beyond the initial price.”
Listen at 8:28
Bloom Energy is an excellent company
“I think Boom Energy is absolutely terrific.”
Listen at 10:23
Investors should scale into Bloom Energy purchases at lower prices
“you can buy 25 tomorrow, but get this scale you're going to have to do. You have to do 25 at 150, 25 at 125, and then another 25 at par or 100.”
Listen at 10:32
Anthropic would be valued between $1.3 trillion and $1.4 trillion
“Anthropik's valuation would be somewhere between $1.3 trillion and $1.4 trillion based on the deal price range”
Listen at 13:34
The Anthropic IPO is highly likely to proceed
“this deal looks like it's good to go. It's almost certainly happening.”
Listen at 14:19
Anthropic’s offering is bullish for technology and AI stocks
“the fact that the steel is on is bullish. Bullish in itself for tech and, yes, for the bedraggled AI trade.”
Listen at 14:26
Anthropic’s sequential revenue growth fell to 47% in Q3 2026
“It fell to 47% in the third quarter of this year.”
Listen at 17:38
Anthropic could reach $100 billion run-rate revenue by year-end
“If Anthropic can continue to add around $10 billion to annualized revenue per month, as it did in October, companies should be on track to have a run rate revenue. of $100 billion by the end of this year.”
Listen at 18:39
Anthropic could become the largest IPO and support AI trade longevity
“could well be the largest IPO in history that's bullish for tech and the longevity of the AI trade”
Listen at 19:09
Nokia is a speculative buy
“I actually think Nokia, after studying it, is a buy right here, and I encourage you to buy some as a spec.”
Listen at 20:23
T-Mobile offers the best value, network, and customer experience
“only at T-Mobile can you get the best value, the best network, and the best experience”
Listen at 22:42
T-Mobile’s network, experience, and value can secure customer success
“As long as we can provide the greatest network, we're already half a G ahead of our competitors, and the best experience and best value, customers are those who will decide.”
Listen at 27:32
Vicar becomes buyable around a 25 earnings multiple
“I cannot recommend this stock that comes down with about a 25 multiple, and that would be the level I would pull the trigger.”
Listen at 37:49
Investors should buy SharkNinja now and add at $200
“Buy some here and then wait until it gets to $200 and buy some more.”
Listen at 38:24
Costco is undervalued
“I think it's undervalued.”
Listen at 38:48
Costco is a buy
“It's a buy.”
Listen at 39:00
Gasoline prices could decline
“I am excited about the prospect of gasoline coming down.”
Listen at 40:29
Restaurant price inflation in CPI will decline
“That's why I think the food away from home line on the CPI is going to come down.”
Listen at 41:39
Consumers must resist higher prices to reduce inflation
“It's the consumer that has to go on strike against higher prices, not the Fed.”
Listen at 43:22
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Weekly email
State of the Pod, every Monday
The week's most-discussed names and stories from podcasts, with the moments behind them. Free, five minutes, unsubscribe in one click.