Nvidia and chip stocks fall as AI CEOs call for development slowdown
On September 14, 2026, Nvidia's stock dropped by 2% in premarket trading amid growing concerns over the safety of advanced artificial intelligence models. Other major semiconductor companies like Broadcom (AVGO), Intel (INTC), and Marvell Technology (MRVL) also saw significant declines—3%, 5%, and 7%, respectively—as AI industry leaders urged a slowdown in development to address potential risks. Anthropic CEO Dario Amodei published an essay calling for restraint, highlighting safety concerns. OpenAI's Sam Altman added uncertainty by stating that the company would not pursue an IPO this year. These developments contributed to broader market declines: Nasdaq-100 futures fell 1.5%, S&P 500 futures dropped 0.6%, and Dow Jones Industrial Average futures lost 0.2%. Asian markets also experienced losses, with South Korea's Kospi down over 3%. Rising oil prices due to a pipeline closure in Saudi Arabia further pressured global indices.
Tickers: $AVGO $INTC $MRVL $NVDA
Topics: AI safety concerns chip stocks decline global market reaction Nvidia stock fall