📉 AI stocks fall after calls to slow their development
Shares tied to artificial intelligence fell this Monday across several exchanges after industry executives urged moderating the pace of development. On Wall Street, Nvidia fell 3.3% and the Nasdaq closed down nearly 0.5%.
Pressure was heavier in Asia: SoftBank plunged 13%, South Korea’s Kospi index dropped 3%, and Taiwan Semiconductor Manufacturing Co. slipped 1.2%. In Europe, ASML fell 6%.
The day raises questions about how much room the sector’s valuations have if the company executives themselves are calling for a pause in the expansion of artificial intelligence and its related investments.
$NVDAB $QNT
Shares tied to artificial intelligence fell this Monday across several exchanges after industry executives urged moderating the pace of development. On Wall Street, Nvidia fell 3.3% and the Nasdaq closed down nearly 0.5%.
Pressure was heavier in Asia: SoftBank plunged 13%, South Korea’s Kospi index dropped 3%, and Taiwan Semiconductor Manufacturing Co. slipped 1.2%. In Europe, ASML fell 6%.
The day raises questions about how much room the sector’s valuations have if the company executives themselves are calling for a pause in the expansion of artificial intelligence and its related investments.
$NVDAB $QNT
