Gotrade News - The U.S. AI chip trade got three converging catalysts this week, lifting sentiment across semiconductors. Nvidia earnings, an Anthropic-Microsoft chip deal, and a scrapped White House AI rule all hit within days.
The combination resets near-term risk for the sector after Friday's selloff. Investors now have fresh reasons to revisit AI infrastructure exposure heading into the print.
Key Takeaways
- Trump abruptly canceled an AI executive order, citing risks to U.S. tech dominance over China.
- Nvidia reports midweek, with Wall Street watching guidance for 2027-2028 AI capex visibility.
- Anthropic is in talks to lease Microsoft Maia AI chips, diversifying beyond Nvidia.
Trump Pulls Back On AI Rules
President Donald Trump canceled signing a new AI executive order on May 22, hours before a planned White House ceremony. According to Kompas Money, he said he did not want anything blocking the U.S. lead over China.
The shelved order would have created a federal framework to evaluate national security risks before advanced models ship. It would have looped in OpenAI, Anthropic, and Google before public release.
Treasury Secretary Scott Bessent had convened urgent April meetings with Wall Street CEOs and Fed Chair Jerome Powell. Their focus was Anthropic's Claude Mythos model and its cybersecurity vulnerability discovery capabilities.
Republican lawmakers remain split between an acceleration camp and skeptics worried about job losses. Public concern over data center power demand and security also weighs on the debate.
For markets, the reversal removes a near-term overhang on model releases and compute buildouts. That tilts sentiment back toward AI infrastructure names like Nvidia (NVDA).
Nvidia Earnings And The Anthropic-Microsoft Chip Deal
Semiconductor stocks have led market gains all year, and Nvidia reports after the close midweek. As reported by Bloomberg Technoz, Wall Street expects strong numbers after positive peer prints.
JoAnne Feeney of Advisors Capital Management said guidance could confirm AI buildouts extend well beyond 2026. She wants visibility through 2027, 2028 and beyond, calling that the bull case for the tape.
The Philadelphia Stock Exchange Semiconductor Index is up over 60% year to date. It fell 6.4% across Friday and Monday on inflation worries, leaving room for an earnings-driven bounce.
Separately, Anthropic is in talks to lease Microsoft's AI server chips, per The Information. Per Bloomberg Technoz, Microsoft's custom Maia silicon would give Claude another home outside Nvidia hardware.
Anthropic already committed last year to buy $30 billion of compute from Microsoft (MSFT) Azure. Microsoft and Nvidia together pledged a combined $15 billion investment into Anthropic.
The Maia talks echo custom-silicon pushes from Alphabet (GOOGL) and Amazon. Hyperscalers want to dilute Nvidia dependency without abandoning its ecosystem outright.
For investors, the message is nuanced rather than bearish for Nvidia. AI compute demand is broadening, and even diversification deals still ride on overall AI capex growth.
The three catalysts together strengthen the case that AI infrastructure spending stays elevated into 2027. Earnings night will tell investors how much of that is already in the price.
