Anthropic2026-09-29 03:35:35Jukan questions reliability of TickerTrends data on Anthropic revenueCitrini analyst Jukan cast doubt on TickerTrends data tied to Anthropic, while citing figures that compare the revenue pace of Anthropic and OpenAI. 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 listed at roughly $50.44 billion, with a 13.4% sequential increase. Jukan said that even if the figures are used as a rough estimate, Anthropic’s growth has already slowed markedly, and OpenAI’s expansion is also losing speed. He also raised questions about how reliable the TickerTrends data is. The remarks were cited in a ChainCatcher newsflash under the technology category.250
Anthropic2026-09-29 03:33:09Citrini’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
YMTC2026-09-15 08:04:22Jukan says YMTC’s Wuhan Fab 3 is nearing startup as NAND competition may intensifyCitrini analyst Jukan said on X that Yangtze Memory Technologies Co. (YMTC) has begun fully installing production equipment at Fab 3, its third wafer plant in Wuhan, signaling that the facility is in its final pre-production phase. Initial operations are expected to begin by the end of this year. According to Jukan, the ramp matters because YMTC is expanding capacity while also gaining share in the NAND market. He said Fab 3 is expected to produce about 100,000 12-inch wafers per month at full capacity, with additional phased expansion tied to more equipment move-ins and yield improvements. Jukan also cited Counterpoint Research data showing that YMTC accounted for 14% of global NAND bit shipments in the second quarter, moving ahead of Kioxia to rank third worldwide, behind Samsung Electronics at 25% and SK Hynix at 22%. If Fab 3’s added output is released smoothly, he said, supply competition in the flash memory market could intensify further.720
Policy Regula2026-09-13 11:44:17Jukan says the U.S. is unlikely to pause the AI race as slowdown calls raise competition and regulatory questionsCitrini 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
US AI regulat2026-09-13 11:35:51Analyst says the U.S. AI race is unlikely to slow, with safety rules potentially reinforcing top labs’ edgeCitrini analyst Jukan, citing a research note from Tianfeng Securities, said the U.S. government needs to preserve its lead in artificial intelligence, making it difficult for the country to truly slow down once it is in an AI race. In his view, recent calls from Anthropic and OpenAI to slow AI development should not be read only as safety advocacy. He said those calls may also reflect the difficulty of pausing competition and the possibility that tighter safety regulation could strengthen the position of leading laboratories. Jukan said the public case for slowing AI centers on the idea that safety testing, operational monitoring, and third-party verification are struggling to keep up with the speed of model iteration. He added that, in the short term, such messaging could weigh on sentiment around AI-related stocks and lower expectations for next-generation models. He also outlined another possibility: the industry may still be constructive on AI over the long run, while seeking to delay the next wave of large research spending, prioritize commercialization of existing products, and ease pressure from infrastructure and capital expenditures. He described the AI race as a prisoner’s dilemma in which every party may want to slow down, but none is willing to stop first for fear of losing advantages in technology, customers, and financing. Jukan also said that as model launches require expensive evaluation, certification, and ongoing audit costs, larger labs are better positioned to absorb those fixed expenses, potentially raising barriers for smaller teams.920
AI supply cha2026-09-03 04:26:43Citrini Analyst: AI Supply Chain 'Bottleneck Trade' Is Over, Capital Rotation BeginsCitrini 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
Citrini2026-08-16 13:30:30Citrini analyst Jukan apologizes over past online conduct, vows tighter sourcing standardsCitrini 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
Nvidia2026-08-16 01:22:02Citrini says Nvidia’s $500 billion financing backstop could support GPU salesCitrini analyst Jukan said Nvidia’s $500 billion financing backstop with Wall Street could help cushion GPU sales if hyperscale cloud providers face tighter cash flow and can no longer rely fully on prepayments to buy chips. In his view, the arrangement may also speed up the expansion of the GPU market’s total addressable market, or TAM. Jukan said he does not see the structure as a form of circular financing. He also pointed to a shift on Wall Street, where GPUs are increasingly being treated as collateral with recoverable value. The remarks were reported by BlockBeats on Aug. 16.1130
