AI R&D slowdown benefits laboratory profits and lagging manufacturers, chip stocks suffer setbacks

According to Barron's analysis, if AI research and development slows down, the decrease in training expenses for Anthropic and OpenAI will increase profits. Google Meta、 Microsoft, SpaceX and other laggards will have a catching up window, and Chinese AI laboratories may take the opportunity to narrow the gap; Chip stocks have suffered heavy losses, with the Philadelphia Semiconductor Index falling 5% and Nvidia falling 3%. Owners of ultra large data centers may delay capital expenditures, affecting the entire industry chain including energy, power, and cooling. (Source: Barron's Weekly)