Global technology stocks have slumped after warnings from artificial intelligence (AI) bosses sparked fears that the pace of the technology's development could slow. A sell-off was sweeping across Wall Street on Monday afternoon, helping drag on the tech-focused Nasdaq 100 index which was down by about 1.2%. AI chipmaker Nvidia was down by about 3% and Elon Musk's rocket company SpaceX was down by about 1% in the morning's trading in New York. Other chipmakers were being impacted by the sell-off with semiconductor maker Micron Technology dropped by about 5%, and Intel shares were down by more than 6%. It follows losses for tech and AI stocks on Asian stock markets overnight.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.