Did Anthropic's Lower-Than-Expected Annual Revenue Cause a Market Sell-off? US Stock Market's Three Major Indexes Decline, AI Stocks Experience Widespread Drop

BlockBeats News, August 19th, according to BIT (Bit.com) market data, the three major U.S. stock indexes collectively closed down, with the Dow down 0.22%, the S&P 500 down 0.69%, and the Nasdaq down 1.32%.

The AI chip sector saw a general decline, with NVIDIA (NVDA) down 2.36%; AMD (AMD) down 4.30%; Broadcom (AVGO) down 3.20%. Market concerns about the return on investment in AI and the industry's growth rate have intensified, with the semiconductor sector being one of the main factors dragging down the market.

The storage chip sector saw significant declines, with SanDisk (SNDK) down 9.01%; Micron Technology (MU) down around 7%; Western Digital (WDC) down around 7.4%; Seagate Technology (STX) down around 5%. Due to expectations for AI server demand and attention to the storage cycle, storage stocks faced concentrated selling pressure.

As for large-cap tech stocks, Apple (AAPL) rose against the trend by 1.49%; Microsoft (MSFT) rose 0.23%; Google (GOOGL) fell 0.02%; Amazon (AMZN) fell 0.70%; Tesla (TSLA) fell 0.72%; Meta Platforms (META) fell 4.47%.

Anthropic's annual revenue falling below market expectations has led to a reassessment of the AI industry's growth prospects. Earlier reports indicated that Anthropic's annualized revenue run rate reached around $65 billion, lower than the market's previous expectations of over $80 billion, prompting investors to focus on whether the future growth trajectory of AI companies is slowing down.

As for crypto-related stocks, Coinbase (COIN) fell 2.74% intraday; Robinhood (HOOD) fell 4.69% intraday.