Nvidia fell up to 3.7% and the Philadelphia Semiconductor Index dropped 6% after AI executives called for a slowdown in advanced model

AI-linked stocks tumbled Monday after the CEOs of some of the companies developing the most advanced AI models called for a slowdown in the technology’s development.

Nasdaq 100 futures tumbled 1.5% and S&P 500 futures fell 0.8%.

Global tech and AI-linked stocks plummeted as investors reacted to growing safety concerns and calls from industry leaders like Anthropics CEO to decelerate AI development,…

Nvidia, Intel and AMD slide as executives urge caution over AI development pace

By Steve Goldstein and Britney Nguyen

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…