{"id":224170,"date":"2026-09-14T14:49:25","date_gmt":"2026-09-14T14:49:25","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/stocks-tumble-after-ai-leaders-warn-that-the-industry-should-slow-down-nbc-news\/"},"modified":"2026-09-14T14:49:25","modified_gmt":"2026-09-14T14:49:25","slug":"stocks-tumble-after-ai-leaders-warn-that-the-industry-should-slow-down-nbc-news","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/stocks-tumble-after-ai-leaders-warn-that-the-industry-should-slow-down-nbc-news\/","title":{"rendered":"Stocks tumble after AI leaders warn that the industry should slow down – NBC News"},"content":{"rendered":"

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Stocks tumbled Monday morning, led by tech stocks, after leading artificial intelligence CEOs called for a slowdown<\/a> in the pace of developing the revolutionary technology<\/a>.
In early Monday trading, the Nasdaq 100 index, which tracks the 100 largest non-financial companies traded on the Nasdaq exchange, sold off by 1.3%
The broader Nasdaq Composite index fell 0.9% and the S&P 500 fell 0.6%.
Shares of Nvidia, the world\u2019s most valuable public company, fell more than 3%.
Chipmakers Arm Holdings, Marvell and Intel slid more than 5%. Applied Materials, a key supplier to chip companies, sank 6%, as did Micron Technologies. Shares of AMD and Intel also tumbled by around 5.5%.
Shares of Amazon, the leading cloud computing company, fell more than 1%.
The Dow Jones Industrial Average fell only 120 points, but Dow component Caterpillar, which is involved in the buildout of AI data centers, tumbled almost 4%.
The Philadelphia Semiconductor Index plunged 6%.
Further rattling markets, OpenAI CEO Sam Altman told Fortune magazine Saturday<\/a> that his company would not be going public this year. \u201cGiven everything happening with safety, right now would be an ill-advised moment to go public,\u201d he said.
OpenAI and Anthropic\u2019s eventual public offerings are expected to be among the largest of all time.
\u201cFor markets, the key question is whether this is the first sign that the extraordinary AI investment cycle might eventually moderate,\u201d said Jim Reid, Deutsche Bank global head of macro research. \u201cFor now, that seems unlikely. The competitive race between companies and countries remains intense, and it\u2019s difficult to imagine firms voluntarily stepping back while rivals continue to push ahead.\u201d
Overnight, worries about slowing the AI industry hit South Korea\u2019s benchmark Kopsi index, which sharply fell more than 3%. That fall was primarily due to selling in AI memory firms. Samsung Electronics sold off by 5% and SK Hynix plunged more than 7.3%.
In Tokyo, shares of OpenAI investor SoftBank Group fell 10.7%.
The dramatic market moves followed the intervention by Anthropic CEO Dario Amodei, who wrote<\/a> Saturday that AI companies \u201cmust slow the pace at which we improve the capabilities of AI models.\u201d
\u201cProgress will still seem fast, and we must make wise use of the time we gain,\u201d Amodei added. He said \u201clike many technologies before it, AI brings risks, and because it is such a powerful technology, these risks are serious.\u201d
Amodei said the risks included \u201cthe risk of losing control of AI systems, misuse of AI for cyberattacks and bioterrorism, and serious economic disruption.\u201d
\u201cI agree with Dario,\u201d Altman said on X shortly after Amodei\u2019s post. Tech billionaire Elon Musk agreed with Altman, writing on X: \u201cDario is right.\u201d
Shares of Musk\u2019s SpaceX, which owns artificial intelligence developer xAI, fell more than 2% early Monday.
Altman later added in another post: \u201cWhen we talk about \u2018pacing\u2019, we do not mean \u2018stopping\u2019.\u201d He said \u201cprogress has been rapid and will continue to be.\u201d
Amodei expanded on his thoughts Sunday. Speaking to CBS\u2019 \u201cSunday Morning,\u201d <\/a>he warned that there are \u201creal dangers.\u201d
\u201cI don\u2019t think I fully just appreciated what it would actually be like when the progress was as fast as it was,\u201d he said. It doesn\u2019t mean we need to panic today. It doesn\u2019t mean we need to shut it all down. But I would say it\u2019s a warning sign.\u201d
The Chinese Foreign Ministry overnight dismissed calls <\/a>for a slowdown from the U.S. A spokesperson said that \u201cfear-mongering\u201d would only \u201cdisrupt the process of global AI governance and serve no one\u2019s interests.\u201d<\/p>\n

President Donald Trump sounded a similar tone over the weekend. \u201cI think you have a lot of very negative forces that are bringing it up that shouldn\u2019t be bringing it up and they\u2019re bringing up things that won\u2019t happen,\u201d he said Sunday, referring to putting guardrails on the industry.
Still, selling in AI companies continued to spread through the European trading session, where Germany\u2019s DAX index fell 0.6% and France\u2019s CAC 40 index dropped 0.8%. The biggest decliners across European markets were AI-related, such as Belgium\u2019s ASML, a critical supplier to chipmakers, whose shares declined 9.5%.
On the other hand, shares of software companies, which have been battered this year due to the rapid advance of AI systems, were some of Monday\u2019s biggest gainers and helped offset the Nasdaq\u2019s drop.
Shares of the cybersecurity firm CrowdStrike soared 9%, while financial software firm FactSet jumped 7%. Palo Alto Networks, TurboTax maker Intuit, Adobe, and Autodesk all rose more than 3%.
While AI worries were the primary driver of selling Monday, stocks are also dealing with the prospect of a Fed rate hike Wednesday.
U.S. core inflation, which does not count food or energy costs, on Friday rose more than expected<\/a>, which was viewed as many as the signal for the Federal Reserve to hike rates. Market odds for a hike currently sit at about 85%.
At the same time, bond yields have surged this year and, on Friday, the U.S. 30-year Treasury bond yield reached 5.7%, its highest level since 2007. The 10-year Treasury yield, which heavily influences consumer borrowing rates rose to as high as 4.996%, it\u2019s highest level since 2023.
The rise in bond yields<\/a> comes as oil, gas and diesel prices remain sharply elevated. <\/a>It also comes due to what many view as a crisis of credibility at the Fed<\/a> and unusual interventions<\/a> in markets from the Treasury Department.
\u201cOil and AI are back in focus,\u201d HSBC\u2019s chief multi-asset strategist Max Kettner said Monday in a note to the bank\u2019s clients. However, he said \u201ccalls for a slower AI build-out and resulting fears for the tech sector are overblown in our view.\u201d
Tech stocks have become highly sensitive to interest rates as those firms tap the public debt markets to raise hundreds of billions of dollars to expand AI data centers around the world. Even small rises in interest rates can cause billions of dollars in extra costs.
Steve Kopack is a senior reporter at NBC News covering business and the economy.
© 2026 NBCUniversal Media, LLC<\/p>\n

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news AlertsThere are no new alerts at this timeStocks tumbled Monday morning, led by tech stocks, after leading artificial intelligence CEOs called for a slowdown in the pace of developing the revolutionary technology.In early Monday trading, the Nasdaq 100 index, which tracks the 100 largest non-financial companies traded on the Nasdaq exchange, sold off by […]<\/p>\n","protected":false},"author":1,"featured_media":224171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-224170","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/224170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=224170"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/224170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/224171"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=224170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=224170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=224170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}