Tech Sell-Off Follows AI Leaders' Call for Development Slowdown
Wall Street experienced a significant sell-off in tech stocks after leading figures from major artificial intelligence companies urged a slowdown in the development of advanced technologies. The Nasdaq Composite dropped as much as 1.3%, with notable declines among key players like Sandisk, Intel, Micron, and Nvidia. Anthropic's CEO Dario Amodei called for reduced AI development speed, potentially impacting spending on data centers and chips that have driven recent market gains. Political reactions were mixed: Donald Trump dismissed the calls as part of a
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Topics: AI regulation Dow Jones Industrial Average Nasdaq Composite S&P 500 stock market decline