US Stocks Today: US Stocks Slip as AI Slowdown Fears Drag Nvidia and Chipmakers
Intel, AMD and NVIDIA led losses as investors unwound crowded AI trades, with the semiconductor ETF falling 6% versus a 2% drop in the broader Nasdaq fund.
- On Monday, semiconductor stocks fell sharply in premarket trading, with Intel down 7% to $95.96, AMD down 6% to $486.80, and NVIDIA declining 3% to $212.50, as the iShares Semiconductor ETF dropped 6% while the Invesco QQQ Trust slipped 2%.
- Anthropic CEO Dario Amodei called for a slowdown in AI capability development, with OpenAI CEO Sam Altman and Elon Musk agreeing; Altman posted early Monday that pacing does "not mean stopping," and Amodei explicitly ruled out halting AI training.
- The performance ordering—Intel falling hardest, NVIDIA least—runs opposite to each name's AI accelerator exposure, suggesting a positioning unwind rather than demand shift; AMD's 127% year-to-date gain made it a natural profit-taking candidate.
- Broadcom reaffirmed a Q4 FY2026 AI semiconductor revenue guide of $21.7 billion with Q3 AI chip revenue of $16.7 billion, up 221% year over year, while Intel management said server CPU demand continues to far outpace available supply.
- AMD's Q3 2026 report and Helios ramp cadence remain critical monitoring points, while investors managing AI-heavy exposure should confirm hyperscalers keep published capex plans intact through the October cloud earnings cycle, with Intel and Micron positioned as recovery candidates.
38 Articles
38 Articles
AI Chip Stocks Slide as Calls Grow to Slow the Development of Advanced Models
Shares of artificial intelligence chip manufacturers experienced a sharp decline following calls from leaders of top Silicon Valley labs to slow down the development of advanced large models. The Philadelphia Semiconductor Index fell by 5.86%. Industry Leaders Call for AI Development Slowdown The initiative was spearheaded by Dario Amodei, CEO of Anthropic. He pointed out that the pace of AI development is outpacing the ability to ensure its saf…
The Derrick
Los Angeles TimesTalk of AI pause slams Nvidia, AMD and Intel as fears of doomsday scenarios spread
Artificial intelligence stocks tumbled on Monday after American leaders of the AI revolution called for a coordinated slowdown in building more powerful AI systems. Over the weekend, Dario Amodei, the chief executive of Anthropic, published an essay titled "We Must…
Coverage Details
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
