AI slowdown call triggers sell-off in NASDAQ 100, chipmakers decline

Recent remarks by Anthropic CEO Dario Amodei and OpenAI’s Sam Altman advocating for slower development of advanced AI models have stirred concerns in financial markets. Stocks tied to AI have been a significant driver of recent highs in global markets, but the call for a slowdown has led to a sell-off among AI-linked equities. The Nasdaq 100 and chipmakers have experienced declines as markets reassess the future pace of AI infrastructure investment. Bloomberg has highlighted this as a key market catalyst, particularly for companies deeply integrated with AI capital expenditure, such as chip suppliers. In prediction markets, this development appears to have influenced expectations surrounding Anthropic’s valuation. The market for Anthropic’s valuation hitting $600 billion by December 31, 2026, has seen a decrease in confidence, with current odds at just 1.8% for a YES outcome. This reflects a broader market sentiment that a slowdown in AI development could potentially impact Anthropic’s growth trajectory and valuation prospects. The pricing suggests a reassessment of the growth assumptions previously driving AI-linked investments. Key Takeaways Market activity suggests a reassessmen...