Nvidia and chip stocks slide as AI leaders call for development slowdown

Price ActionIndustryCommodity Impact 4

โดย Yahoo Finance·

Summary · why it matters

Nvidia stock fell 2% in premarket trading Monday as AI safety concerns rattled global tech markets, with Broadcom, Intel, and Marvell Technology dropping 3%, 5%, and 7% respectively after leaders of major artificial intelligence companies over the weekend called for a slowdown in AI development. Anthropic CEO Dario Amodei published an essay Saturday contending that AI companies must pull back on advancing their most powerful models, citing the safety dangers such systems pose, and told CBS News on Sunday that the thorniest obstacle to such a proposal is uncertainty over whether China would participate. OpenAI CEO Sam Altman said in a Saturday interview that an IPO this year would be "ill-advised," adding to uncertainty around the AI sector's near-term trajectory. Nasdaq-100 futures were down 1.5% ahead of the open, with S&P 500 futures off 0.6% and Dow Jones Industrial Average futures shedding 114 points, or 0.2%, while South Korea's Kospi retreated 3.26%, Tokyo's Nikkei 225 finished down 0.81%, and Europe's pan-European Stoxx 600 index was down about 0.3%. Markets are also contending with rising oil prices, as WTI crude futures climbed 3% to trade above $103 a barrel and Brent futures rose past $108 following Saudi Arabia's decision to shut a pipeline that had been a critical conduit for crude exports through the Strait of Hormuz region, a closure that followed drone strikes by Iran-aligned militants in Iraq. The Federal Reserve opens its September policy meeting this week, with fed funds futures markets assigning about an 86% chance to a rate increase.