AI-linked stocks fall after tech executives urge slower pace of development

Shares in companies linked to artificial intelligence fell sharply on Monday after executives from Anthropic, OpenAI and SpaceX called for a slowdown in what they described as “reckless” AI development, citing concerns that the technology could soon become uncontrollable, according to the Guardian.

Nvidia, the world's most valuable company and a leading designer of semiconductors used in AI systems, saw its shares fall 3% by early afternoon trading in New York, the report said. Advanced Micro Devices (AMD) slid 4.4%, while Micron Technology and Sandisk shares dropped 5%, according to the Guardian.

The declines followed public statements from senior figures at some of the most prominent AI and technology companies warning that the pace of development in the sector needed to be reined in, the report said, though the Guardian excerpt did not specify the exact remarks or the forum in which they were made.

US President Donald Trump dismissed the push for increased oversight of artificial intelligence, calling attempts to impose greater controls on the technology a "sick conspiracy," according to the Guardian.

The market reaction underscores the sensitivity of AI-related stocks to statements from industry leaders, particularly those from companies such as Anthropic and OpenAI that are themselves at the forefront of AI development, according to the report.

Further details on the specific warnings issued by the executives, and any policy response beyond Trump's comments, were not included in the available reporting.