AI stocks fall after top CEOs urge slower development of technology
BUZZ-AI stocks fall after top CEOs urge slower development of technology ** AI-linked U.S. stocks slump Monday premarket, following top AI lab CEOs call for tapping the brakes on technology's development amid safety worries
** Chip-related cos down: Nvidia NVDA.O slips 2%, Advanced Micro Devices AMD.O falls 4.1%, Intel INTC.O slides 4.9%, Marvell Technology MRVL.O topples 5.5%
** Micron Technology MU.O and Applied Materials AMAT.O lose 4.5%, while Broadcom AVGO.O declines 3%
** Hyperscalers drop: Meta META.O and Amazon AMZN.O inches down ~1%, Oracle ORCL.N set back by 2.7%
** Alphabet GOOGL.O ticks down 0.8% while Microsoft MSFT.O sheds 0.6%
** Global tech stocks slump, including TSMC 2330.TW, SK Hynix 000660.KS and ASML ASML.AS
** Anthropic CEO Dario Amodei, in a lengthy essay shared on X on Saturday, called on AI companies to slow the rate at which they advance model capabilities amid mounting fears of misuse of AI
** Both Elon Musk, who runs xAI, and Sam Altman, CEO of OpenAI, said they agree with Amodei
(Reporting by Joel Jose in Bengaluru)
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