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AI stocks slump globally after Amodei, Altman, and Musk call for development slowdown

Global AI-linked equities experienced a sharp decline on Monday following a coordinated call from industry leaders to slow the pace of artificial intelligence development. Anthropic CEO Dario Amodei published an essay advocating for "pacing the frontier," a strategy involving third-party safety evaluators and agreed-upon capability limits. This stance received immediate support from OpenAI CEO…

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Key points

  • Amodei, Altman, and Musk publicly supported slowing AI capability development, triggering a global sell-off in AI stocks.
  • Nvidia fell 3%, Intel dropped 6%, and SoftBank lost 10% as investors reacted to the proposed safety pacing measures.
  • President Trump rejected the slowdown calls to maintain U.S. competitive advantage, while China dismissed the warnings as fear-mongering.

The market reaction was severe, with significant losses across Asia, Europe, and U.S. premarket trading. Nvidia fell nearly 3%, while Intel and Micron dropped 6% and 5% respectively. In Asia, SK Hynix lost over 6% and SoftBank, a major OpenAI investor, fell between 10% and 11%. European semiconductor and infrastructure firms, including ASML and Nokia, also saw substantial declines. The move reflects growing internal tension within the AI sector, highlighted by recent resignations and safety warnings from researchers who have raised alarms about existential risks.

Political responses were mixed. U.S. President Donald Trump rejected the calls for a slowdown, arguing it would weaken America's competitive edge against China. Conversely, China's Foreign Ministry dismissed the safety warnings as fear-mongering. This divergence highlights the complex intersection of technological advancement, corporate safety ethics, and geopolitical strategy in the current AI landscape.

The story so far

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  2. AI stocks slump globally after Amodei, Altman, and Musk call for development slowdownthis story
Full story from finance.yahoo.com · by Cris Tolomia · via Search: ASMLOpen source ↗

AI stocks fall after Amodei, Altman, and Musk back AI slowdown

finance.yahoo.com · 14 September 2026

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This text was published by finance.yahoo.com and written by Cris Tolomia. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗

Coverage and discussion

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AnthropicOpenAINvidiaIntelMicron TechnologySoftBankDario AmodeiSam AltmanElon MuskJacob CoxonEvan HubingerDonald Trump

The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.

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