AI slowdown trade hits Nvidia, SoftBank, SK Hynix as global tech stocks fall up to 10%
Global tech and AI-linked stocks plummeted as investors reacted to growing safety concerns and calls from industry leaders like Anthropic’s CEO to decelerate AI development, threatening the equity rally built on expectations of rapid growth and productivity.
AI slowdown trade hits Nvidia, SoftBank, SK Hynix as global tech stocks fall up to 10%
What Happened
Global tech and AI-linked stocks plummeted as investors reacted to growing safety concerns and calls from industry leaders like Anthropic’s CEO to decelerate AI development, threatening the equity rally built on expectations of rapid growth and productivity.
Key Details
Original reporting provided by Economic Times Markets.
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