It is not surprising to see this happen today. After Anthropic CEO, and supported by Musk AND Altman, saying that we need to slow down AI development.
I mean, both Musk and Altman agreeing on something? Seriously?
What this may mean is the hypers will pause investments, meaning give less CAPEX buys. And this will hit those stocks which supply into this trade hugely. Especially as valuations are all the way past the moon already.
Wednesday may be the nail that seals it. And September may turn out to be another bear month.
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