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Tech and Chipmakers Plunge as AI Leaders Urge Slowdown Amid Fed Fears

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Global tech stocks and chipmakers tumbled after AI leaders urged a development slowdown over existential risks.
  • The selloff was worsened by surging oil prices following a Saudi pipeline closure and rising market expectations of a Federal Reserve interest rate hike.
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