Bloomberg Intelligence Microsoft, Nvidia to Invest Up to $15 Billion in Anthropic
Nov 18, 2025
Drew Redding, a Bloomberg Intelligence analyst specializing in U.S. homebuilding, discusses Home Depot's struggles with weakening consumer demand and its effects on the housing market. Abigail Gilmartin, a footwear and athleisure analyst, highlights Amer Sports' record sales driven by demand for Salomon footwear and its strategic responses to market challenges, including premium pricing tactics. Together, they explore the intriguing dynamics of retail and housing sectors amid shifting consumer behaviors.
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Focus May Give Anthropic A Margin Edge
- Anthropic's tighter focus may yield better gross margins than OpenAI, which pursues many businesses.
- Broad diversification risks OpenAI missteps and wasted time, says Mandeep Singh.
Watch Underlying Comps, Not Weather Noise
- Home Depot should watch weather-driven comp distortions and focus on underlying 1% comps.
- Expect the next growth leg from a resurgence in big-ticket remodels like kitchens and baths.
Pro Customers Cushion Home Depot Vs Lowe's
- Pro customers (contractors) are driving share gains for Home Depot versus weaker DIY demand.
- Pro exposure cushions Home Depot, while Lowe's has greater DIY exposure and more volatility.