Chinese AI stocks surge as Anthropic export ban reshuffles global AI market

Semiconductor Stocks Face Pressure and Chinese AI Stocks Surge After Anthropic Export Ban

Markets opened Monday to a reshuffled AI landscape after the Trump administration’s export control directive forced Anthropic to disable its most advanced models, sending ripples through semiconductor, cloud, and Chinese AI stocks while boosting decentralized AI tokens.

The Export Control Fallout

The U.S. Commerce Department issued an export control directive on June 12 ordering Anthropic to suspend all access to its Fable 5 and Mythos 5 models by any foreign national, whether inside or outside the United States, including the company’s own foreign employees. Because Anthropic could not reliably filter users by nationality, it disabled both models entirely for all customers worldwide.time

The directive came just three days after the models were made publicly available on June 9. According to The Wall Street Journal, the crackdown was prompted by conversations between Amazon CEO Andy Jassy and senior Trump administration officials, including Treasury Secretary Scott Bessent, after Amazon researchers discovered a series of prompts that could extract potentially dangerous cybersecurity information from Fable 5.livemint

Amazon’s stock fell in Monday trading as investors weighed the company’s exposure to Anthropic, in which it has invested roughly $25 billion. The semiconductor sector, already reeling from a $1.3 trillion sell-off earlier this month triggered by Broadcom earnings and a hot jobs report, faced renewed pressure as the export controls raised broader questions about the trajectory of AI deployment.equiti

Chinese AI and Decentralized Tokens Rally

Knowledge Atlas Technology, the Hong Kong-listed company behind Chinese AI developer Zhipu, surged as much as 48% on Monday before settling at a 33% gain, according to CNBC. The rally followed JPMorgan raising its price target on the stock and picking Zhipu as a winner in the Chinese AI race. Since its Hong Kong IPO in January, Zhipu’s shares have risen more than tenfold.cnbc

Decentralized AI tokens also benefited from the centralization backlash. Venice’s VVV token rose approximately 14% to $16.37, with trading volume surging nearly 200% to around $130 million, while Morpheus (MOR) gained about 21%.forklog

Anthropic Scrambles to Resolve Crisis

Anthropic has dispatched senior technical staff to Washington for face-to-face talks with White House officials, according to Axios. The company has characterized the situation as “a misunderstanding” and maintains that the vulnerabilities cited by the government can already be detected using other publicly available AI models. With a confidential IPO filing already under way and its flagship models suspended globally, Anthropic faces mounting pressure to resolve the standoff before lasting damage is done to its commercial position.forbes