Philadelphia Semiconductor Index Falls 5%, Micawell Drops Over 7%

BlockBeats News, August 18th, according to BIT (Bit.com) market data, the Philadelphia Semiconductor Index fell by 5%, Marvell Technology (MRVL.O) dropped over 7%, Arm (ARM.O) and Intel (INTC.O) fell by nearly 7%, Micron Technology (MU.O) fell by 5.7%, and Nvidia (NVDA.O) dropped by over 2%.

On the news front, Anthropic's annual revenue was below market expectations, and the market is beginning to question the AI growth trajectory. Bloomberg had previously reported that Anthropic's annualized revenue run rate reached around $65 billion as of the end of July. With some third-party data and optimism in the AI community previously pointing to over $80 billion, $65 billion may indicate that the growth rate is slowing down.