AI Debt Fears & Anthropic's Slowing Growth Hammer Tech Stocks
Anthropic's revenue growth slowed sharply to 45% (from triple digits), rattling confidence in sky-high AI valuations, while default insurance for major U.S. tech firms hit record highs amid AI debt concerns.
What we know
Anthropic's quarterly revenue rose 45% to $16.8B — a dramatic deceleration from triple-digit prior-quarter growth — deepening the AI stock selloff and raising questions about its $2T valuation target. Simultaneously, the cost of insuring against defaults by major U.S. tech companies hit record highs, with CoreWeave ($CRWV) under the most pressure. The Oct. 15 premarket watchlist shows $CRWV -6.5% and $MU -4% as memory stocks also face Chinese competition headwinds. This coincides with US 10-year Treasury yields falling 11 bps to 5.08% and German yields at post-September lows — suggesting a flight-to-safety bid.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.