Analyst says AI chip sell-off is overblown; GPU rollout remains on track after Anthropic note

Lynx Equities Strategies analyst KC Rajkumar argues the AI-chip sell-off sparked by Anthropic CEO Dario Amodei’s essay is a misread: checks across the supply chain show no slowdown in GPU rollouts, memory or packaging, and no disruption to the silicon-to-packaging stack. He notes the piece does not advocate halting hardware progress and that Anthropic has incentives to grow compute capacity, not stall it. The real pressure comes from macro headwinds, including rising long-bond yields and geopolitical tensions around US-China chip controls and Taiwan, rather than a shift in AI demand. If yields stabilize, a near-term rebound in AI semiconductor stocks could occur, with Nvidia remaining central as the main GPU supplier for AI training.