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Nvidia and Chip Stocks Tumble as AI Leaders Urge Development Slowdown

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Global semiconductor stocks, including Nvidia, slumped premarket following calls from AI leaders at OpenAI and Anthropic to decelerate AI model development for safety.
  • Sam Altman also noted OpenAI is unlikely to IPO this year, prompting valuation concerns and knee-jerk selling across the semiconductor supply chain.
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NVDA price history

210.96 +18.92% over the displayed period

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