Memory Stocks Lead AI Selloff as Anthropic and OpenAI Chiefs Urge Slower Development: Micron and SanDisk Sink 6%, SK Hynix Drops 7%
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BizTocMemory Stocks Lead AI Selloff as Anthropic and OpenAI Chiefs Urge Slower Development: Micron and SanDisk Sink 6%, SK Hynix Drops 7%
The post Memory Stocks Lead AI Selloff as Anthropic and OpenAI Chiefs Urge Slower Development: Micron and SanDisk Sink 6%, SK Hynix Drops 7% appeared first on 24/7 Wall St.. Memory stocks are leading an AI-infrastructure selloff early Monday. Micron Technology (NASDAQ:MU) stock is down 6% to $916.03, SanDisk (NASDAQ:SNDK) stock is falling 6% to $1,531, and SK Hynix (NASDAQ:SKHY) stock is declining 7% to $175.98. The move follows weekend commenta…
The Director-General of Anthropic Dario Amodayi, in his September essay, called on II companies to slow down the development of IE models against the background of growing fears about the misuse of artificial intelligence.
Micron Drops Nearly 6% With Memory Peers as Traders Reassess AI Infrastructure Demand
Micron shares fell 5.8% alongside other memory stocks as investors weighed potential AI spending risks, semiconductor tariffs and legal concerns ahead of the company's 30 September results.
In an essay titled "Marking the pace of the border", the CEO of Anthropic proposed developing better security measures to prevent something from going wrong. After that, his competitors from OpenAI and SpaceX supported him.
Why Micron, SanDisk and SK Hynix are suddenly at the centre of the AI selloff
Micron, SanDisk and SK Hynix are sitting at the sharp end of Monday’s AI sell-off as investors question one of the assumptions that made memory stocks the biggest winners of the infrastructure boom. Micron and SanDisk fell more than 5% in US premarket trading, while SK Hynix plunged 7.4%. The declines followed weekend calls from Anthropic CEO Dario Amodei and other AI leaders to slow frontier-model development over safety concerns. Memory became…
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