CoreWeave Sell-Off Impacts OpenAI and Anthropic Valuations Differently
The recent sell-off in CoreWeave has widened the valuation gap between AI leaders OpenAI and Anthropic. According to perpetual futures pricing on Hyperliquid, OpenAI's valuation dropped more than 4% over the past 24 hours after briefly falling below $1.5 trillion. In contrast, Anthropic’s perps rose by 2.4%, reaching just under a $2 trillion valuation. The disparity is partly due to OpenAI’s stronger ties with CoreWeave, which has seen its shares fall sharply amid concerns over debt financing strategies. Meanwhile, an undisclosed April deal between CoreWeave and Anthropic suggests diversification in AI infrastructure partnerships. Both companies are down about 15% from their recent highs on Hyperliquid pricing. Hyperliquid's perpetual futures market shows significantly higher open interest for Anthropic compared to OpenAI—over $41 million versus less than $7 million—as liquidity is expected to improve once TradeXYZ lists these pre-IPO contracts.
Tickers: $CRWV
Topics: AI Anthropic CoreWeave Hyperliquid neocloud stocks OpenAI perpetual futures