'SaaSpocalypse'-like sell-off coming for AI hardware stocks? Not so fast

Monday’s sell-off in AI infrastructure stocks is drawing comparisons to earlier “software disruption” fears, but the tone in markets is muddier than a simple “SaaSpocalypse” story. Hardware and data-center suppliers—including chipmakers, gas turbine makers, and electrical equipment vendors—fell on concerns that AI model development could be intentionally throttled for safety, after Anthropic CEO Dario Amodei’s call this weekend. The declines look sharper because prominent figures signed onto the slowdown message, including OpenAI’s Sam Altman and SpaceX’s Elon Musk. Still, the article argues it’s too early to declare a bottom, with the AI buildout view unchanged.