Anthropic IPO valuation just got slashed 25% — from $2T to $1.5T.
Claude's parent company is still printing money (Q3 revenue $16.8B, +45% QoQ), but growth is cooling hard. Q2 was 100%+ growth. Now? 45%.
They're profitable on adjusted basis, but here's the real alpha: AI infra costs are eating everyone alive. Even the winners.
This is the macro shift. Hype phase is over. Now it's about unit economics and who can survive the capex burn.
Watch how this ripples into AI token narratives. If the big boys are getting marked down, the small cap AI plays are cooked.
Claude's parent company is still printing money (Q3 revenue $16.8B, +45% QoQ), but growth is cooling hard. Q2 was 100%+ growth. Now? 45%.
They're profitable on adjusted basis, but here's the real alpha: AI infra costs are eating everyone alive. Even the winners.
This is the macro shift. Hype phase is over. Now it's about unit economics and who can survive the capex burn.
Watch how this ripples into AI token narratives. If the big boys are getting marked down, the small cap AI plays are cooked.