Wall Street Rejects AI Slowdown Calls as Big Tech Caps $293 Billion Spending
Updated
Updated · Yahoo Finance · Sep 15
Wall Street Rejects AI Slowdown Calls as Big Tech Caps $293 Billion Spending
3 articles · Updated · Yahoo Finance · Sep 15
Summary
Semiconductor stocks fell Monday after Anthropic CEO Dario Amodei urged the industry to slow AI development, a call echoed by OpenAI's Sam Altman and Elon Musk.
Wall Street analysts said the warnings are unlikely to change behavior, arguing hyperscalers are too deep into the buildout and may even favor regulation that weakens smaller rivals.
$293 billion in capital spending from Alphabet, Amazon, Meta and Microsoft in the first half of 2026 puts the group on track to spend nearly $600 billion on AI infrastructure this year.
Meta's capex jumped 58% quarter over quarter, while Amazon and Google also accelerated, reinforcing investor views that any AI-stock pullback would be a buying opportunity.
Trump has also rejected new AI guardrails, and analysts say competition with China leaves little chance of a meaningful industrywide slowdown.