Global AI stocks slide as warnings over rapid development trigger investor concerns
Global AI-linked stocks experienced a significant sell-off after industry leaders, including the CEOs of Anthropic and OpenAI, called for a slower pace of AI development. The warnings cited concerns over safety, potential misuse, and the rapid, uncontrolled expansion of autonomous AI agents.
Why it matters
This shift in sentiment from industry insiders could signal a cooling period for the massive capital investments currently fueling the AI sector.
AI-linked stocks across global markets plunged on Monday after leaders of some of the world’s biggest artificial intelligence companies called for a slower pace of development, raising fresh questions over the huge investments that have driven the sector’s rally.The warnings from Anthropic CEO Dario Amodei, backed by OpenAI CEO Sam Altman and xAI chief Elon Musk, added to scrutiny of an AI industry that is increasingly relying on debt and circular financing while raising spending forecasts.Nasdaq e-mini futures fell 1.9%, with chip stocks among the biggest decliners. Nvidia fell 3%, Advanced Micro Devices dropped 5.7% and SpaceX fell 2.6%. Meta and Amazon declined more than 1.4% each.In Europe, technology stocks fell 2.5%, with chip equipment maker ASML down 5.8%, Infineon falling 8.4% and Siemens Energy losing 7.4%.Asian AI-linked stocks also came under pressure.
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