Author created a free dashboard tracking Anthropic's unreleased $2T+ valuation through derivatives markets (perp futures, prediction markets) and related tech stocks ahead of their investor day. Key risks include valuation uncertainty, prediction market accuracy, and sensitivity to IPO timing announcements.

BSP is overvalued at $32B market cap trading at 48x FCF with only 5-6% organic growth despite 84% headline growth from acquisitions. The thesis is that the stock is in a temporary short squeeze and will decline as the business fundamentals (melting ice cube assets, declining existing customer base, zero GAAP profitability) fail to justify valuation even relative to higher-quality serial acquirers like Constellation Software.

SK Telecom ($SKM) has a significant stake in Anthropic (estimated ~$1 value per $4.50 share), meaning investors are getting Anthropic exposure at a discount when buying SKM. The remaining $3.50 represents the value of SKM's core telecom business and other assets.

SK Telecom (SKM) holds 3.7M Anthropic shares valued at ~$1.0B (marked at ~$350-380B Anthropic valuation), representing an indirect bet on Anthropic's continued growth rather than a traditional telecom value play. Core business fundamentals deteriorated in FY2025, stock has doubled from 52-week lows and now trades above sell-side targets with significant downside risk if Anthropic valuation doesn't continue rising or if monetization is delayed.

SK Telecom ($SKM) holds 0.54% stake in Anthropic (valued at $4T by author), which is experiencing explosive 12,400% annualized revenue growth. Author argues SKM's core business plus Anthropic stake implies 155% upside to $99.57 per ADR, positioned via short-dated call ladder.