AI-linked stocks tumbled globally as industry leaders advocated for a slowdown in model development, sparking investor concerns over future earnings and the competitive landscape.
SoftBank stock fell roughly 10% to 11% as one of OpenAI's largest investors.
Intel stock dropped close to 6% amid AI slowdown concerns.
Micron Technology stock declined around 5% as AI-linked stocks fell.
SK Hynix ended the session with losses exceeding 6%.
ASML lost between 5% and 6% in European trading.
Nokia gave up roughly 8% as AI-linked stocks fell.
Infineon retreated more than 7% amid AI slowdown concerns.
South Korea's Kospi fell 3.3% amid AI stock sell-off.
Nvidia stock fell nearly 3% in premarket trading following AI slowdown calls.
Samsung Electronics shed more than 4% amid AI slowdown fears.
Microsoft was lower in premarket trading.
Amazon was lower in premarket trading.
Alphabet was lower in premarket trading.
Siemens Energy moved lower as data-center infrastructure plays fell.
Schneider Electric moved lower amid AI slowdown concerns.
Global markets faced a sharp sell-off in AI-linked equities after Anthropic CEO Dario Amodei proposed a deliberate deceleration in AI development. The call for safety-focused pacing, supported by OpenAI's Sam Altman and Elon Musk, triggered widespread declines across semiconductor, hardware, and hyperscaler stocks in Asia, Europe, and the U.S.
Stocks are declining due to concerns that a coordinated industry slowdown in AI development, proposed by Anthropic's CEO, could negatively impact future earnings and growth valuations.