"Anthropic Q3 revenue was a big miss - $16.8bn for the quarter vs $5.4bn implied monthly run-rate for July (which was reported in Aug), implying close to 0 growth in August and September. This has weighed heavily on sentiment, as a key pillar of the AI investment thesis is the ARR growth trajectory of frontier models. The funding stress facing Coreweave and the neocloud ecosystem are further exacerbating concerns." - Goldman Asia S&T