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Direxion’s Bilal Little explains the AI spending risks that Anthropic’s $2T IPO raises. These ETFs offer exposure to chips, power stocks and infrastructure.
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The Nasdaq dropped 5.5% following midterm election results, as investors feared political backlash against data center construction, particularly in Texas where the governor-elect proposed a temporary moratorium. Semiconductor stocks collapsed, with the VanEck Semiconductor ETF losing 11.2%. However, analysts argue this reaction is likely an overreaction, as AI demand remains strong and any slowdown would likely shift construction abroad rather than eliminate growth.
Anthropic agreed to pay SpaceX approximately $1.25 billion monthly for computing power through May 2029, totaling nearly $45 billion. The deal grants Anthropic access to SpaceX's Colossus data centers in Memphis. Analyst James Altucher argues this reflects Musk's broader strategy to control the AI industry vertically—from computing infrastructure to satellite deployment—similar to Rockefeller's oil industry consolidation.
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