Apparently, Anthropic did everything they could not to disappoint the astronomical expectations at their investor conference yesterday.
Apparently, Anthropic did everything they could not to disappoint the astronomical expectations at their investor conference yesterday. Reports citing conference attendees put Anthropic’s projected year-end revenue run rate at $110 billion, which is about as high a figure as we heard mentioned pre-conference. The news seems to have leaked after the market close, though, so no one really got a chance to express a clean reaction. Traders spent the entire day focused on CRWV bond yields, which are approaching junk territory.
At first glance, the Anthropic news is not enough to counteract negative sentiment running through the entire AI stack right now. CRWV is down another 3.5% in Thursday’s premarket, and INTC is down 4%. However, anyone looking for a “big kaboom” is likely to be disappointed. The 10-year treasury yield has tumbled to 5.07%. Perhaps it was a flight to safety, but the decline in yields should have a marginally supportive effect on the tech space today. At some point, aggressive selling of the AI names results in bargain pricing for the most dynamic industrial transformation since Ford’s advent of assembly line production.
Keep watch on our trading board as this story plays out in real time.
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