Anthropic's revenue growth slowed to 46–50% in Q3, triggering a decline in AI stocks and raising doubts about the company's potential $2 trillion IPO valuation.
JPMorgan analysts warn that the market conditions that fueled a summer recovery for AI infrastructure stocks are currently missing, signaling a cautious outlook for the sector.
CoreWeave shares dropped up to 16% as bond yields neared 15%, prompting traders to hedge against further declines amid broader instability in the AI-focused cloud sector.
Hedge fund Lone Pine Capital saw its year-to-date returns plummet from 44% to 0.6% following a sharp decline in AI and technology stock holdings during the third quarter.
Investor Michael Burry has exited his near-term Nvidia and Palantir put options while maintaining a bearish stance on AI stocks with short positions exceeding 21% of his portfolio.
