US tech stocks fell sharply on Monday as AI industry leaders called for a slower pace of development over safety concerns. The Nasdaq dropped 1.2%, while the S&P 500 fell 0.8%. Nvidia slid 3.8%, weighing heavily on the market, as Brent crude jumped 3.8% to $108.74.

(Bloomberg) -- US equity-index futures retreated after major artificial intelligence companies called for a slowdown in the technology’s development, raising concerns about a…

Oil Jumps, Nasdaq Futures Slide as AI-Related Stocks Tumble Worldwide

US tech stocks fell sharply on Monday as AI industry leaders called for a slower pace of development over safety concerns. The Nasdaq dropped 1.2%, while the S&P 500 fell 0.8%.…

US stocks fell on Monday as fears over a slowdown in AI model development hit Nvidia and chipmakers. Nvidia dropped 3.2%, while Intel, AMD and Marvell fell sharply. Defensive…