Anthropic, the developer of the Claude model family, reported revenue growth of 46 to 50 percent in the third quarter, a significant decline from the 143 percent growth seen in the second quarter. This slowdown triggered a wave of selling in AI-related stocks, notably impacting Nvidia, Oracle, and CoreWeave. The company’s target valuation of $600 billion by December 31 now appears challenging according to market expectations. This situation raises questions about the sustainability of high valuations in the AI sector, as Anthropic considers an IPO that could value the company at up to $2 trillion.
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