AI spending doubts weigh on US stocks as industry leaders urge slower pace
Investors are turning cautious on the AI-driven US stock rally after industry figures including Anthropic's Dario Amodei called for slower development. Tech giants are expected to spend about US$795 billion on AI infrastructure in 2026, and semiconductor shares took much of Monday's selling pressure. Analysts say concrete evidence of cancelled orders or data-centre deals would be needed to confirm a real slowdown.