The Aporia
Tech stock selloff after AI leaders call for slowdown in development. (2026, September 15). CBS News. https://www.cbsnews.com/video/tech-stock-selloff-ai-leaders-call-slowdown-development/
“Tech stock selloff after AI leaders call for slowdown in development.” CBS News, 15 Sept. 2026, https://www.cbsnews.com/video/tech-stock-selloff-ai-leaders-call-slowdown-development/.
“Tech stock selloff after AI leaders call for slowdown in development.” CBS News, September 15, 2026. https://www.cbsnews.com/video/tech-stock-selloff-ai-leaders-call-slowdown-development/.
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AI-related stocks declined globally on Monday, following warnings from leading AI executives about the need for a slowdown in development to address safety concerns. This selloff was particularly evident among tech giants like Nvidia, which saw its shares fall by over 3%, and other chipmakers such as Micron Technology, down more than 5%. The broader Nasdaq Composite index dropped by 0.6% while the S&P 500 fell 0.5%.
The sell-off was exacerbated by Donald Trump's dismissive comments on social media, where he labeled calls for regulation of AI a "sick conspiracy" and suggested that only a strong leader could prevent misuse, implying his own leadership as sufficient guard against potential risks.
Meanwhile, the Australian sharemarket futures pointed to a 0.2% slide at the open, mirroring global trends. Despite these challenges, some non-AI-focused stocks showed resilience, such as Intuit, which gained 5.5%.