AI Stocks Slide Premarket as Executives Urge Slower Development

Price ActionProduct / TechRegulation Impact 4
โดย Investing.com·US·Read original
Summary · why it matters

U.S. stock index futures fell sharply on Monday, with technology shares under pressure after several leading artificial intelligence executives called for a slower pace of AI development. By 05:52 ET, Dow futures had fallen 150 points, or 0.3%, S&P 500 futures had dropped 63 points, or 0.8%, and Nasdaq 100 futures had slumped 531 points, or 1.8%. Rumble shares surged as much as 28% in premarket trading after reports that Anthropic had agreed to a $13.7 billion computing contract with the company, a deal Rumble had disclosed in an August securities filing without identifying the customer. Anthropic CEO Dario Amodei called on AI companies to slow the advancement of model capabilities in an essay posted on X on Saturday, warning that increasingly capable AI agents could create significant economic damage if misused, and OpenAI CEO Sam Altman and xAI chief Elon Musk said they agree with his concerns. Nvidia fell more than 2% in premarket trading, while Meta and Amazon each dropped more than 1%, and chipmakers Intel, AMD and Marvell Technology fell nearly 6%, 5% and 6%, respectively, even as software names ServiceNow, Adobe and Workday rose about 3%, 2.5% and 2.5%. Scholar Rock shares surged 9.1% to $60.45 after the FDA approved ISEMBYLD, also known as apitegromab-mstn, as the first and only muscle-targeted treatment for spinal muscular atrophy in patients aged two and older receiving an SMN2-targeted therapy, ahead of the September 30, 2026 PDUFA deadline. Elmet Group shares jumped 30.8% after announcing a $450 million committed investment from the U.S. Department of War to accelerate domestic tungsten manufacturing, while Olema Pharmaceuticals slid 15.1% to $8.68 after AstraZeneca said its Phase 3 SERENA-4 trial of camizestrant failed to show a statistically significant improvement in progression-free survival, and MARA Holdings fell 5.7% to $11.30 after JPMorgan double-downgraded the bitcoin miner to Underweight from Neutral and cut its price target to $11 from $13.

Impact on stocks 18

Artificial Intelligence± Mixed · 6 stocks
NVIDIA Corporation
NVDA
▼ NegativeCompetitionrelevance

Nvidia fell more than 2% premarket after AI executives called for slowing model development.

Marvell Technology Group Ltd
MRVL
▼ NegativeCompetitionrelevance

Marvell fell nearly 6% premarket as AI executives urged slower AI development, pressuring chipmakers.

Advanced Micro Devices Inc
AMD
▼ NegativeTechnologyrelevance

AMD fell nearly 5% as AI executives urged slowing AI development, pressuring chipmakers tied to AI buildout.

ServiceNow Inc
NOW
▲ PositiveCompetitionrelevance

ServiceNow rose about 3% as software names gained while chipmakers slid amid the AI slowdown calls.

Amazon.com Inc
AMZN
▼ NegativeTechnologyrelevance

Amazon dropped more than 1% amid broad AI-related tech weakness after executives called for slower AI development.

Adobe Systems Incorporated
ADBE
▲ PositiveCompetitionrelevance

Adobe rose about 2.5% as software names gained while AI chipmakers slid, a sector rotation favoring software over AI hardware.

Biotech & Genomic Medicine± Mixed · 3 stocks
Scholar Rock Holding Corp
SRRK
▲ PositiveRegulationrelevance

FDA approved ISEMBYLD (apitegromab-mstn) as the first muscle-targeted treatment for spinal muscular atrophy, ahead of the PDUFA deadline.

AstraZeneca PLC
AZN
▼ NegativeTechnologyrelevance

AstraZeneca said its Phase 3 SERENA-4 trial of camizestrant failed to show a statistically significant result.

Olema Pharmaceuticals Inc
OLMA
▼ NegativeTechnologyrelevance

Olema slid 15.1% after AstraZeneca's Phase 3 SERENA-4 trial of camizestrant failed to show statistical significance.

Digital Finance & Tokenization▲ · 3 stocks
Cloud & Digital Infrastructure▲ · 2 stocks
Rumble Inc.
RUM
▲ PositiveDemandrelevance

Rumble surged as much as 28% after Anthropic agreed to a $13.7 billion computing contract with the company.

Defense & Geopolitical Fragmentation▲ · 1 stocks
The Elmet Group Co. Common Stock
ELMT
▲ PositiveCapitalrelevance

Elmet announced a $450 million committed investment from the U.S. Department of War to accelerate domestic tungsten manufacturing.

Semiconductors▼ · 1 stocks
Intel Corporation
INTC
▼ NegativeTechnologyrelevance

Intel fell nearly 6% as AI executives' call to slow development pressured chipmakers.

Spatial Computing / AR/VR▼ · 1 stocks
Meta Platforms Inc.
META
▼ NegativeTechnologyrelevance

Meta dropped more than 1% amid AI-stock weakness following executives' calls for slower AI development.

Space Economy▲ · 1 stocks

Off-coverage companies 2

AnthropicPrivate± Mixed
relevance

OpenAIPrivate± Mixed
relevance

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