AI Chip Stocks Experience Cooling While AMD Surges on Anthropic Deal
AI Chip Stocks Experience Cooling While AMD Surges on Anthropic Deal
The AI chip stock market is showing signs of cooling, with the SOXX fund tracking the semiconductor index down 15.7% from its June high. Retail traders, who previously bought dips, have begun selling, a rare signal flagged by Citadel Securities. In contrast, AMD's stock jumped 10% following a significant deal with Anthropic, where Anthropic will utilize 2 gigawatts of Instinct GPUs, and AMD will invest $5 billion, raising questions about Nvidia's continued market leadership.
AI chip stocks have cooled fast. The SOXX fund, which tracks the semiconductor index, sits about 15.7% below its June high, and after a long run of dip-buying, retail traders have started selling. That flip is the rare signal Scott Rubner, Head of Equity Derivatives Strategy at Citadel Securities, just flagged. One that has marked
The AMD Anthropic deal sends AMD stock up 10%. Anthropic takes 2 gigawatts of Instinct GPUs, AMD invests $5 billion.