Decentralized exchange Hyperliquid's perpetual futures pricing indicates that AI leader OpenAI's valuation has fallen over 4% in the past 24 hours, briefly dipping below $1.5 trillion, amidst a decline in CoreWeave's stock price. Meanwhile, Anthropic's perpetual futures rose 2.4% during the same period, with its valuation exceeding $2 trillion. CoreWeave's stock price hit a one-year low on Thursday, extending its decline to 54%, as market concerns over its debt financing strategy intensified. OpenAI has a closer relationship with CoreWeave, with a 5-year data center and technology agreement between the two valued at least $22 billion through September 2025.