ANTHROPIC'S SLOWING GROWTH DEEPENS AI STOCK SELLOFF

Anthropic's quarterly revenue reportedly rose 45% to $16.8 billion, slowing sharply from triple-digit growth in the previous quarter. The slowdown raises concerns about its reported $2 trillion valuation target and broader AI valuations. AI stocks fell in premarket trading, with AMD ($AMD ), Micron ($MU ), Sandisk ($SNDK ), Seagate ($STX ) and Western Digital ($WDC ) down 3–4%. The key concern: Slowing AI growth, rising interest rates and mounting debt are putting pressure on the sector.

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