Nvidia shares fell by four points on September 14, 2026, following the publication of an essay by Anthropic CEO Dario Amodei. In the text, released around September 12-13, Amodei advocated for a systematic slowdown in AI development due to safety concerns and potential risks associated with rapid technological progress.
Despite the call for a slowdown, Anthropic has committed to approximately $517 billion in compute spending through August 2026. This investment directly supports companies like Nvidia, which provides the GPU infrastructure for major AI research labs. Nvidia CEO Jensen Huang noted that the partnership between the two companies continues to deepen.
Nvidia reported a backlog of orders exceeding $2 trillion in its Q2 results. Additionally, shipments of the Grace Blackwell system increased by 27% month-over-month, indicating that the latest generation of hardware is ramping up faster than previous product cycles.
Market analyst Jim Cramer suggested that Nvidia remains a stock worth buying, though he advised investors to wait for further price declines. Cramer argued that Nvidia's current share buyback program is insufficient relative to its market capitalization, which limits downside protection for investors during periods of market turbulence.
