Cathie Wood reports Anthropic ARR above $74 billion and OpenAI ARR above $41 billion, combined total surpassing SAP, Salesforce and Adobe combined revenue.

OpenAI posted $13.07B revenue against $34B costs in 2025, with SoftBank and Microsoft contributing just $1.17B combined.

According to @KobeissiLetter, US stock market futures fell over 1% as tech stocks pulled back following mixed earnings reactions (source: @KobeissiLetter, Nov 4, 2025). Cross-asset studies show rising co-movement between Bitcoin and US tech stocks since 2020, implying heightened near-term volatility risk for BTC and ETH when Nasdaq weakens (source: IMF research 2022; BIS Quarterly Review 2022). Because equity index futures reflect anticipated cash-session direction and magnitude, crypto traders can monitor BTC and ETH into the US open and consider hedging or reducing leverage if equity weakness persists (source: CME Group equity index futures education).