Many AI stocks have come under significant pressure over the past few weeks, including those in the semiconductor industry. So far in October, the iShares Semiconductor ETF (NASDAQ: SOXX) has fallen approximately 10%.
One key contributor to this decline was reports about Anthropic’s third-quarter revenue update. Although its sales increased by a blistering 45% quarter-over-quarter, a significant slowdown from the previous quarter's pace raised questions about the sustainability of overall AI growth.
