Anthropic warning may weigh on chip stocks in the short term, with limited long-term fallout seen

Market watchers say comments from artificial intelligence executives calling for a slower pace of technology development could put near-term pressure on chipmakers and supply-chain stocks. Since the Nasdaq 100’s record high in June, the tech-heavy index has fallen more than 4%, while U.S. chip stocks are down 14% and Asian technology shares have slipped nearly 8%. Over the same period, the benchmark S&P 500 and the MSCI World Index have both edged up about 0.6%. The longer-term effect may be more contained because spending on computing infrastructure remains strong. Some investors also argue that a slower pace of AI development could ultimately help the sector by giving companies more time to generate returns from infrastructure that has already been built. That view suggests the recent pressure on semiconductor-related names may reflect short-term positioning rather than a broad reassessment of demand.