Citrini

Anthropic

2026-09-29 03:33:09

Citrini’s Jukan questions TickerTrends data as Anthropic ARR growth slows to 1.8%

Citrini analyst Jukan cited TickerTrends data on Anthropic and said he has doubts about the figures. According to the dataset, as of Sept. 24, 2026, Anthropic’s annual recurring revenue, or ARR, stood at about $76.8 billion, up just 1.8% from the prior period. OpenAI’s ARR was about $50.44 billion, with 13.4% sequential growth. Based on those numbers, Jukan said Anthropic’s growth has clearly slowed, while OpenAI’s expansion is also losing pace. He also questioned how reliable the TickerTrends data is. The comments were reported by BlockBeats on Sept. 29.

280

Citrini

2026-09-14 07:13:20

Singularity Research says Citrini has been acquired by SemiAnalysis

Singularity Research said in a post on X that Citrini has been acquired by SemiAnalysis, with the terms of the deal undisclosed. The research firm first estimated the transaction at about $30 million, then later revised its view and said the real figure could be closer to $100 million. It also stressed that it had no inside information and that the estimate was only speculation. Citrini was founded in 2023 and runs a Substack newsletter alongside institutional research products. The company has more than 260,000 subscribers, and its annual revenue is estimated at roughly $5.9 million. Citrini also completed a $5.05 million SAFE round in December 2025. Using an assumed dilution of about 20%, its post-money valuation would be around $25 million.

870

Policy Regula

2026-09-13 11:44:17

Jukan says the U.S. is unlikely to pause the AI race as slowdown calls raise competition and regulatory questions

Citrini analyst Jukan, reposting a Tianfeng Securities research note, said the U.S. government needs to preserve its leadership in artificial intelligence, making it difficult to truly stop once it has entered an AI race. He argued that recent calls from Anthropic and OpenAI to slow AI development should not be viewed only as safety advocacy. In his view, those appeals may also reflect the reality that competition cannot easily be paused, along with a potential interest in using safety regulation to reinforce the position of leading labs. Jukan said the public case for slowing development centers on the fact that safety testing, runtime monitoring, and third-party verification are struggling to keep up with model iteration. In the near term, he said, that could weigh on sentiment toward AI-related stocks and lower expectations for the next generation of models. He also raised another possibility: the industry may still be constructive on AI over the long run, but may want to delay another round of heavy R&D spending, prioritize commercialization of existing products, and ease infrastructure and capital expenditure pressure. He compared the AI race to a prisoner’s dilemma and said rising evaluation, certification, and ongoing audit costs could lift barriers for smaller teams.

980

AI supply cha

2026-09-03 04:26:43

Citrini Analyst: AI Supply Chain 'Bottleneck Trade' Is Over, Capital Rotation Begins

Citrini analyst Jukan stated that the 'bottleneck trade' in the AI supply chain has ended, with all major bottlenecks identified. Future investments will shift to capital rotation among known bottlenecks rather than discovering new opportunities, signaling a maturing market.

910

Nvidia

2026-08-30 06:03:11

Citrini Analyst Says Nvidia Rubin Ultra HBM Could Drop to 8 Layers, Demand May Rise

An analyst at Citrini said Nvidia's Rubin Ultra could switch from 12-layer HBM4E to 8-layer HBM, citing sources. OpenAI and Anthropic had asked for 4-layer parts but memory makers rejected the idea, so the cut may stop at 8 layers. Jukan, the analyst, attributes the move mainly to yield and cost concerns: with 12-layer HBM4E and price increases, memory could account for roughly 70% of Rubin Ultra's total bill of materials. Software optimizations such as model quantization, MLA, and computation splitting are moving rarely accessed KV cache and model states to LPDDR, CXL, and NAND, leaving HBM for the active working set. After minimum capacity is met, customers now value bandwidth over capacity. Fewer layers could improve packaging yield and lift HBM and AI accelerator shipments, potentially expanding total HBM demand. Higher bandwidth requirements also reduce the share of wafers passing speed binning, consuming extra DRAM wafer capacity. Longer term, HBM will be replaced by new architectures, likely merging memory and logic; the next two years are critical for memory makers to expand into logic.

1060

Martin Shkrel

2026-08-26 10:03:21

Martin Shkreli-linked Pump.fun meme coins lose more than 94% within 24 hours

Two meme coins tied closely to Martin Shkreli collapsed less than a day after his arrival on Pump.fun, the Solana-based token launch platform. Protos reported that CITRINI and MARTIN, both created in connection with Shkreli’s live trading push, had each fallen at least 94% from the previous day’s highs by the time of writing. CITRINI slid from $0.0031 to $0.000087, a 97% drop, while MARTIN peaked at $0.0031 before falling sharply and shrinking to a market cap of about $150,000 by Tuesday morning. Shkreli’s announcement post on X drew more than 700,000 views, and Pump.fun’s official account said his account posted a 6,263% gain in one day, with wallet holdings reaching $1.6 million. The report also revisited two earlier Shkreli-linked tokens, MSI and DJT, both of which suffered steep collapses after wallet sales connected to him or to project deployers.

1030

Martin Shkrel

2026-08-25 19:03:27

Martin Shkreli-linked memecoins plunge more than 94% within a day of Pump Fun debut

Two memecoins most closely tied to Martin Shkreli, CITRINI and MARTIN, fell at least 94% from their highs in less than 24 hours after he joined Solana launchpad Pump Fun, according to Protos. Shkreli had announced on Monday that he would start livestreaming his trades on the platform, drawing more than 700,000 views, while Pump Fun’s official account said he had posted a 6,263% gain and held $1.6 million in his wallet within a day. The rally did not last. MARTIN fell from $0.0031 on launch day to $0.00016 by Tuesday morning, leaving its market capitalization at roughly $150,000. CITRINI slid from $0.0031 to $0.000087, a 97% drop. Protos also tied the latest losses to earlier Shkreli-linked tokens, including Ethereum-based MSI and Solana-based DJT, both of which previously suffered collapses of more than 90% from their peaks. The report also noted renewed attention on Shkreli after his recent comments about shorting Moderna at $80, before the stock later rose 100% from that level following positive FDA Phase 3 results.

3300

Citrini

2026-08-16 13:30:30

Citrini analyst Jukan apologizes over past online conduct, vows tighter sourcing standards

Citrini analyst Jukan has issued a public statement addressing controversy tied to his past online activity, acknowledging that some resurfaced old posts were written by him and apologizing for inappropriate remarks, sharing other people’s information without authorization, and insufficient source attribution. He said he would not avoid responsibility, while asking observers to distinguish between facts that have been confirmed and claims that remain speculative. Jukan also described his earlier years in online communities as a period when he chased attention and engagement, at times posting deliberately provocative material to trigger reactions. He said those actions were immature and wrong. Looking at his more recent work, Jukan said that after turning his focus to the semiconductor sector in late 2024, he began by curating public news and materials, but later ran into problems again as account growth pushed him to publish more under-discussed information. According to his statement, that led to cases where source labeling was insufficient and where unverified information was mixed with personal judgment. He said he plans to place greater weight on verification, original sourcing, and clearer separation between verified facts, third-party information, and his own analysis going forward.

1440