AI concerns weigh on Wall Street as tech stocks fall at the start of the week

Published:

AI concerns weigh on Wall Street as tech stocks fall at the start of the week
Photo: Yuki Iwamura /AP/TT

At the close, the Dow Jones industrial average had fallen 0.3 percent, the tech-heavy Nasdaq Composite index fell 0.6 percent and the broad S&P 500 index lost 0.5 percent.

This weekend, Anthropic CEO Dario Amodei wrote a post on the company's website in which he called for a joint slowdown in AI technology, citing recent rapid developments, a view backed by other industry leaders such as OpenAI's Sam Altman and entrepreneur and billionaire Elon Musk.

Several AI-related stocks also fell on Monday, including Nvidia, down 3.4 percent, and Broadcom, down 4.8 percent.

Loading related articles...

Tags

Author

TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

Keep reading

Loading related posts...