Wall Street weighs prospect of an AI slowdown on data center buildout

After Anthropic CEO Dario Amodei proposed slowing development of advanced AI models, infrastructure stocks fell: GE Vernova nearly 9%, Vertiv 8%, Caterpillar over 4%, Oracle nearly 4%. Investors fear a slowdown in model training will hit demand for compute and energy for data centers.

• GE Vernova fell 9%, Vertiv 8%, Caterpillar 4%, Oracle 4%
• Amodei proposed slowing development of advanced AI models
• US data center growth tied to demand from Anthropic and OpenAI
• New AI infrastructure debt offerings expected in autumn at higher rates