Lynx Says AI Chip Sell-Off Misreads Anthropic Essay as 0 GPU Orders Show No Slowdown
Updated
Updated · Yahoo Finance · Sep 15
Lynx Says AI Chip Sell-Off Misreads Anthropic Essay as 0 GPU Orders Show No Slowdown
3 articles · Updated · Yahoo Finance · Sep 15
Summary
Zero supply-chain disruptions showed up after Anthropic CEO Dario Amodei’s essay, with Lynx Equities’ KC Rajkumar finding no GPU rollout slowdown, no memory or flash cancellations, and no delivery changes across chip equipment suppliers.
Rajkumar said the essay itself did not call for cutting hardware spending, citing Amodei’s line that “pacing does not mean halting model training or technical progress” and arguing Anthropic still needs expanding compute capacity for growth and any IPO path.
Long-bond yields and geopolitics—not AI demand—are driving the sector’s weakness, he said, pointing to US-China export-control tensions and Taiwan risk as the main pressure on growth-sensitive semiconductor valuations.
A quarter-point Fed hike was already priced in, Rajkumar said, and AI chip stocks could see a mini bounce before the FOMC if bond yields stabilize, leaving the broader AI infrastructure thesis intact.