Markets opened the week under strong pressure after the call launched Saturday by Dario Amodei, CEO of Anthropic, to slow down the development of the most advanced AI models, subsequently backed by Sam Altman and Elon Musk. Semiconductors were particularly hard hit: Soitec fell 11.12% in Paris, STMicroelectronics 3.5%, Infineon 5.8% and ASML 4.4%, while SoftBank lost up to 13.2% in Asia. The Nasdaq was down approximately 1.3% in futures, and Bitcoin traded around $77,000 to $78,000 amid risk aversion. While markets do not anticipate a collapse in AI spending, they are reassessing the balance between training and inference, which could redistribute sector winners and weigh on particularly demanding valuations.
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