Must-read books on investing:

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📊 AI startups are inflating ARR numbers to look bigger

TechCrunch spoke with founders, investors, and finance operators who say many AI startups are stretching the meaning of ARR to boost growth narratives.

The main trick is replacing real ARR with “contracted ARR” or annualized projections. In some cases, startups reportedly counted revenue from customers who were not fully onboarded yet, long pilot programs, or contracts that may never convert into payments.

Several investors admitted the practice is common and often tolerated because everyone is chasing the same AI growth story. One VC said some companies report CARR that is 70% higher than actual ARR.

The pressure comes from AI valuations. Investors now expect companies to jump from $1 million to $100 million revenue at record speed.

In AI, revenue headlines are becoming part of the marketing stack.

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📈 Robinhood traders keep buying every AI dip

Retail traders spent 2026 piling into Nvidia, Tesla, Micron, Sandisk, and other AI infrastructure plays.

The strongest signal came during the DeepSeek panic in January, when Nvidia lost almost $600 billion in market value in one session.

Robinhood users responded with the highest buy-to-sell ratio for Nvidia seen in the last 3 years.

The same pattern showed up across other selloffs. Traders kept buying discounted AI names while taking profits in stocks that had already run hard.

Retail is still playing one trade.
Buy the panic. Hold the AI winners.

✔️ @venture

Most investors don’t understand how brutal losses really are.

Down 50%?
You need +100% just to break even.

Down 80%?
You need +400%.

This is why “cheap” stocks can be dangerous.

And why protecting capital matters just as much as finding winners.

✔️ @venture

🤖 Anthropic Could Surpass Alphabet by 2027

Investor Joseph Jack from OSS Capital projects Anthropic's ARR to jump from $1B in January 2025 to $30B by April 2026, with growth accelerating rather than slowing. Even a conservative slowdown scenario predicts $100B revenue by end of 2026 and $340B in 2027.

Anthropic builds AI models and enterprise software, rapidly expanding its client base. The number of customers spending over $1M annually doubled to 1,000 in under two months, fueling fast scaling and market capture.

Demand for Anthropic's Gemini tokens grew 10x last quarter, far outpacing Alphabet's 60% growth. This rapid adoption narrows the revenue gap, making it likely Anthropic will overtake Alphabet around mid-2028 at $575B revenue.

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💻️ Jensen Huang says Nvidia found a new $200B AI market

Nvidia CEO Jensen Huang says the company’s next major opportunity is CPUs built for AI agents.

The new chip, called Vera, is described as Nvidia’s first processor designed specifically for agentic AI. Huang says GPUs will handle the model reasoning, while CPUs will manage the growing workload created by autonomous agents.

According to Huang, Vera opens a $200 billion market for Nvidia. The company has already sold $20 billion worth of these processors this year.

AI agents are creating demand for more than just GPUs now.


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An Uber driver in San Francisco said he was actually a startup founder and asked passenger to sign an NDA before hearing his idea.

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🚗 Ferrari shares fall after launch of its first EV

Ferrari stock dropped sharply after the company unveiled Luce, its first fully electric car. Shares in Milan fell about 8% following the presentation.

The Luce was designed with LoveFrom, the studio of former Apple designer Jony Ive. Ferrari says the car opens “a new chapter” for the brand, but reactions from investors and fans were mixed.

The car starts at around €550,000 ($640,000), reaches 100 km/h in about 2.5 seconds, and deliveries are expected to begin later this year.

Analysts said part of the backlash comes from fears that a fully electric Ferrari moves too far away from the company’s identity built around combustion engines and classic supercar design.

Ferrari spent years building one of the strongest brands in the auto industry.

✔️ @venture

📊 The world’s largest stock exchanges

Taiwan and South Korea overtook the UK thanks to chip giants TSMC and Samsung.

✔️ @venture