Memory Falls Hardest as AI Chiefs Ask the Industry to Slow Down

This article first appeared on GuruFocus. The sell-off in AI hardware came on Monday, after top AI leaders asked for a slowdown. Nvidia Corp. (NASDAQ:NVDA) fell 2.49%, Broadcom Inc. (NASDAQ:AVGO) 3.76% and Advanced Micro Devices Inc. (NASDAQ:AMD) 5.74%, while memory took the worst of it, with Micron Technology Inc. (NASDAQ:MU) down 5.82% and SanDisk Corp. (NASDAQ:SNDK) 6.14%. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Is NVDA fairly valued? Test your thesis with our free DCF calculator.NVDA GF Value chart Anthropic's Dario Amodei proposed a three-step plan on Saturday to temper how quickly AI companies improve model capabilities, arguing it could be done without sacrificing commercial advantage or the US lead.