AI Slowdown Warnings Set Up Next Earnings-Revision Event
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Chip stocks including Micron and Nvidia slid after industry leaders called for more measured AI development, a shift Citigroup warns could ripple into earnings revisions that have underpinned this year's stock gains. That makes upcoming tech earnings a critical trading event to watch closely.
Adding nuance, reports of Anthropic's second straight profitable quarter carry a significant caveat that tempers the bullish AI narrative. Traders should treat forthcoming data-center spending updates and earnings calls as high-impact scheduled events, given how tightly AI sentiment has been linked to broader index performance this year.