S&P 1500

There's an

S&P 500 and S&P 1500 and hold stocks that tend to be the largest and most established companies in the stock market.

However, the S&P 100 actually includes 101 large US company stocks due to holding two different share classes.

Anyway, it's the big ones.

But we also introduced our e-nano contracts across the four major equity indices, S&P, NASDAQ, Dow, and Russell.

We also introduced some additional e-mini contracts earlier this summer around the Morningstar Total Market Index, the S&P 1500 index.

And we also just recently introduced some additional factor e-mini contracts out there across growth value and some of the styles and other factors.

So I think we've certainly been busy.

Anthropic expects to generate $30 trillion in revenue.

To give you context to that number, the Wall Street Jour- Journal points out, the 191 technology companies in the S&P 1500 brought in 2.4 trillion in revenue last year added together.

Good God.

So all- almost 200 tech companies in the market last year generated 2.4. Anthropic says it's going to generate 30 trillion.

We did get to short term oversold levels yesterday.

Only 22 percent of the S&P 1500 were over their own 10 day average.

So this bounce is good.

But we'll see if we really start to see a lot more buying a lot more investor demand.

Anthropic expects to ... generate $30 trillion in revenue.

To give you context to that number, The Wall Street Jour- Journal points out, "The 191 technology companies in the S&P 1500 brought in 2.4 trillion in revenue last year added together."

Good God.

So all- almost 200 tech companies in the market last year generated 2.4, Anthropic says it's going to generate 30 trillion.

In Anthropic's case, given that the U.S. economy is about $33 trillion, this $30 trillion number would line up with Dario Amodei's purported belief, which for the sake of clarity has not been confirmed or denied, that Anthropic could be the last private company on Earth after AI takes over the economy.

Paraphrasing their sources, the Journal wrote that Anthropic's TAM is quantified by, quote, "looking at the full scope of work that could be completed with AI models." For a point of comparison, the Journal noted that all 191 tech companies in the S&P 1500 brought in 2.4 trillion in revenue last year.

Now to some, this feels like a contest for who can say the largest number.

SpaceX listed their AI TAM at 26.5 trillion during their May filing, describing it as the, quote, "largest actionable total addressable market in human history." The vast majority of that was 22.7 trillion in enterprise applications.

Now, let me give you some context around these numbers.

So Fact Set data cited by the Journal shows one hundred and ninety-one technology companies in the S&P 1500 generated a combined two point four trillion dollars in revenue last year.

US GDP is roughly thirty-two and a half trillion.

Okay, so they're citing total addressable market that is basically the size of, uh, US GDP and is around fifteen times larger than the revenue of a hundred and ninety-one tech companies on the S&P 1500.

Massive.

Now, Anthropic more than doubled revenue to eleven point six billion dollars in the second quarter.