AI Stocks Fall as Industry Leaders Call for Slower Development
Stocks tied to artificial intelligence fell globally on Monday after Anthropic CEO Dario Amodei called for a slowdown in AI development, supported by OpenAI's Sam Altman and Elon Musk. The move sparked declines across major markets with notable drops seen among semiconductor firms like Nvidia (-3%), Intel (-6%), Micron Technology (-5%), SK Hynix (over -6%), Samsung Electronics (more than -4%), ASML (-5% to -6%), Nokia (~-8%), Infineon (-7%), and SoftBank (-10% to 11%). Hyperscalers such as Microsoft, Amazon, and Alphabet also saw declines in premarket trading. Amodei's proposal includes embedding third-party evaluators within AI companies, setting shared safety benchmarks, and coordinating with governments like China. Altman clarified that the slowdown does not mean halting development but avoiding recklessness for competitive reasons. The debate follows recent concerns raised by former Anthropic researcher Jacob Coxon about risks in AI advancement. The market reaction reflects growing regulatory scrutiny and internal debates within the industry over safety, as well as uncertainty around future earnings if companies coordinate a significant slowdown.
Tickers: $9984 $ASML $INTC $MU $NOK $NVDA $SKHYV
Topics: AI executive_commentary regulation stocks