Netflix Stock Rose 4% While the AI Trade Sold Off on Monday. Its Capital Goes Into Shows, Not Silicon.
The streamer put $415 million into property and equipment in the first half of 2026 -- about 1% of what Alphabet spent in the second quarter alone.
Overview
Stocks tied to the artificial intelligence (AI) build-out sold off Monday morning. The selling followed a weekend essay from Anthropic CEO Dario Amodei calling for the industry to slow the pace at which it develops more capable AI models -- an idea that OpenAI CEO Sam Altman backed.
Memory specialist Micron Technology fell about 5%, chip designer Arm Holdings dropped about 9%, and Nvidia slid about 3%.
Details
Netflix (NASDAQ:NFLX) went the other direction. Shares of the streaming giant rose about 4% Monday morning to about $80 as of this writing.
Source
Originally published at www.fool.com.
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