Meta Platforms rose 2.7% as chip stocks sold off after Anthropic CEO Dario Amodei called for coordinated pacing of frontier AI development. Investing commentator Joseph Carlson said Meta is positioned to benefit if a slowdown allows it to moderate capital spending, while it can continue competing if no restrictions emerge. Meta expects $130 billion to $145 billion in capital expenditures this year after spending $31.08 billion in the second quarter, when free cash flow fell to $784 million despite 28% revenue growth to $60.8 billion. Nvidia fell 3.4% and the PHLX Semiconductor Index dropped 5.9%, while Polymarket traders assigned a 19% probability to a qualifying U.S. AI safety law being signed before 2027.