Does it?

Reuters is reporting that Anthropic's Investor Day event a few days ago, where they showed their audited Q3 financials to investors, caused institutional investors to shift their sentiment and that they are being pushed to lower their IPO valuation target down from $2 trillion to $1.5 trillion.

Coreweave is down almost 20% this week. Nebius is down more than 15%.

Investor sentiment is shakier than it was a month ago. And for hype-fueled valuations, investor sentiment is a two-way street.