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# Evening Scan
- URL: https://adjacent.media/scan/2026-05-08-pm/
- Published: 2026-05-08T23:06:39.000Z
- Updated: 2026-05-08T23:06:40.000Z
- Description: The week closed on an odd note for AI infrastructure: CoreWeave beat revenue estimates and still dropped 8% after hours, while Anthropic is apparently shopping a round that would value it at roughly as much as the entire country of Portugal’s GDP.
- Author: Jonathan Greene
- Tags: #scan-pm, #scan

The week closed on an odd note for AI infrastructure: CoreWeave beat revenue estimates and still dropped 8% after hours, while Anthropic is apparently shopping a round that would value it at roughly as much as the entire country of Portugal's GDP. Markets mostly shrugged at a trade court ruling that could unwind Trump's 10% global tariff. Jobs data was fine. Nobody panicked.

> **$900B** — Anthropic's reported pre-money valuation target for its next raise, on \~$45B in annualized revenue. That's a 20x revenue multiple for a company that wasn't public last quarter. *(Financial Times)*

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#### [Trade Court Rules Trump's 10% Global Tariff Is Illegal](https://www.nytimes.com/2026/05/07/business/economy/trump-global-tariff-ruled-illegal.html?ref=adjacent.media)

A federal panel found the tariff exceeded executive authority — expect an immediate appeal and roughly zero near-term change in what you're paying for imports. *(NYT)*

#### [CoreWeave Q1: 112% Revenue Growth, Stock Down 8%](https://www.cnbc.com/2026/05/07/coreweave-crwv-q1-earnings-report-2026.html?ref=adjacent.media)

Beat on revenue, beat on backlog ($99.4B), but Q2 guidance came in light — and in this market, the guide is the only number that matters. *(CNBC)*

#### [Sources: Anthropic Weighs $50B Raise at \~$900B Valuation](https://www.ft.com/content/a40cafcc-0fa4-4e70-9e24-90d826aea56d?ref=adjacent.media)

At this scale, Anthropic stops being a startup story and becomes a systemic one — the raise would rank among the largest private financings in history. *(Financial Times)*

#### [Nintendo Is Raising Switch 2 Prices](https://www.theverge.com/games/926606/nintendo-switch-2-price-hikes-earnings-results?ref=adjacent.media)

$450 to $500 in the US starting September 1 — Nintendo blames "market conditions," a phrase carrying considerable weight right now. *(The Verge)*