The FEB fell again but still rose 8.1% on the week. Next week, Huida’s financial report and Anthropic’s listing will compete with AI buying momentum.

US chip stocks came under selling pressure again on Friday.Jen-Hsun Huang storm of removal fromHuida (NVIDIA) has expanded to influence the industry. Huida’s financial report next week andanthropic Going public will test whether AI stocks can continue to surge.

The Dow Jones Industrial Average rose 50.46 points, but the S&P 500 and Nasdaq Composite fell 0.4% and 0.9%, respectively. The Philadelphia Semiconductor Index fell 3.4%, and the TSMC ADR fell 1.7%, but weekly gains still rose 8.1% and 6.2%, respectively.

Huida fell 2% on Friday and fell 13% for the entire week. Its market cap wiped off nearly US$573 billion in one week, the largest ever. Advanced Micro Devices (AMD), which originally benefited from the HUDA crisis, also gave up its gains from last week on Friday, with its market value losing nearly US$84 billion in a single day, but still up 18.9% on a weekly basis. Cloud companies CoreWeave and Nebius, which are closely linked to Huida’s financial backing, continued to decline sharply.

Mark Hackett, chief market strategist at Nationwide, believes the HUDA crisis is currently more focused on individual corporate issues. The market has reflected many skeptics and has proven able to withstand the violent fluctuations in technology stocks.

Kevin Smith, CEO and Chief Investment Officer of Crescat Capital, has a conservative outlook. He believes AI spending has exceeded real returns, infrastructure construction is faster than demand, and intense competition may even drive down chip prices. His fund is shorting the S&P 500, betting that AI will drive investment market improvements.

Huida is scheduled to release its financial report after the market closes on Tuesday, the 17th. Analyst estimates compiled by LSEG suggest third-quarter revenue could reach US$109 billion, with profits rising nearly 90%. In addition to explaining performance, interim CEO Kelisi also needs to explain succession and funding arrangements to stabilize market confidence.

Brian Jacobsen, chief economic strategist at Annex Wealth Management, said what really matters is not “who is on the stage, but whether the orders have changed.”

Morningstar analyst Brian Colello listed three key points: whether Huida maintains the forecasts made during Huang Renxun’s tenure, including revenue growth of 70% in fiscal 2028 and global AI spending reaching US$3 trillion to $4 trillion in 2030; Following the US midterm elections, the election of candidates opposing data center expansion caused customers to suspend orders; After interest rates rise, how will Huida support partners in financing?

Anthropic is expected to price on Wednesday with a price range of $70 to $78 per share, and it will list on Nasdaq under the symbol ANT on Thursday. Anthropic and certain investors plan to sell 825 million shares, raising up to $64.4 billion and valuing the company at up to $1.4 trillion.

This listing case will directly test the market’s willingness to own AI stocks. Patrick Ryan, chief investment strategist at Madison Investments, believes that if Anthropic’s listing performance is poor, it may be a warning sign that investors are more uneasy about the AI ​​market.

Benjamin Black, Chief Investment Officer at Powerlaw, believes setting a conservative valuation for Anthropic is a wise move and will make it easier for public market investors to book profits. He is optimistic about demand, but the valuation depends on the expectation that annual revenues will reach US$100 billion by the end of the year, and not on actual revenues for the full year.

Next Tuesday’s US retail sales, minutes from the Federal Reserve meeting released on Wednesday and financial reports from Walmart, Target, Home Depot and Lowe’s will also provide clues about consumption and interest rates.