US stock futures dipped on Thursday as anxieties regarding artificial intelligence valuations, corporate debt levels, and the potential for higher Wall Street during the previous session, triggered by hotter-than-expected US <a s interest rate trajectory.
Both the S&P 500 and the Nasdaq Composite saw their sharpest single-session losses since July, with AI-focused companies bearing the brunt of the decline.
AI Investment Concerns Weigh on Technology Stocks
Wednesday’s market retreat occurred after US consumer price data revealed that inflation rose more than anticipated in September.
These figures led investors to price in a higher probability of a Federal Reserve interest rate hike at the upcoming meeting, which pushed US Treasury yields upward and strained equity valuations.
Selling in government bonds eased later in the day, with analysts noting that some investors were shifting capital away from riskier AI-related stocks and into US government debt.
There is also mounting concern regarding the long-termre, especially as financing costs stay high and competition within the industry continues to heat up
CoreWeave (NASDAQ:CRWV), a cloud infrastructure firm heavily tied to AI computing demand, was among the most significant decliners.
The company’s stock price fell more than 15%, while some of its bonds hit new lows in secondary market trading.
These market movements underscore the growing focus on the financial risks linked to debt-fueled expansion across the AI sector.
Anthropic Reports 45% Quarterly Revenue Growth, According to Media Reports
Anthropic (NASDAQ:ANTP) reportedly informed institutional investors on Wednesday that its third-quarter revenue climbed 45% to approximately $16.8 billion.
According to The Wall Street Journal, the developer behind the Claude AI chatbot previously reported revenue of $11.6 billion for the second quarter and less than $5 billion for the first quarter.
