loading
loading
Business News›Markets›US Stocks›News›Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US stocks end lower as AI slowdown fears hit chipmakers LIVE BLOG US stocks fall as AI fears hit chipmakers. Synopsis Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US stocks ended lower on Monday as calls from AI industry leaders to slow development pressured chipmakers, while the 10-year Treasury yield briefly topped 5%. Nvidia, Broadcom, Micron and AMD fell, while higher oil prices added to inflation concerns ahead of the Fed meeting. Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US stocks ended lower on Monday as investors weighed growing concerns over the pace and risks of AI development. Nvidia, Broadcom, Micron Technology and AMD fell after AI leaders called for a slowdown. The 10-year Treasury yield briefly crossed 5%, its highest since 2023, adding pressure ahead of the Federal Reserve meeting. Rising oil prices and inflation concerns also weighed on sentiment, while the S&P 500's valuation fell to its lowest level since April 2025. Show more 1 New Update S&P 500 lost 36.93 points, or 0.48%, to end at 7,620.05 points, while the Nasdaq Composite lost 145.25 points, or 0.55%, to 26,187.79. The Dow Jones Industrial Average fell 151.66 points, or 0.29%, to 52,421.63. Read more President Donald Trump has rejected warnings from some of the world's biggest AI executives that the technology is advancing too quickly, setting up a sharp divide with Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman and SpaceX's Elon Musk over the need for stronger safeguards, Reuters reported. Read more Bank of America expects its third-quarter investment banking fees to fall by at least 10% to between $1.6 billion and $1.8 billion, down from $2 billion in the same period last year, CEO Brian Moynihan said on Monday. Speaking at the Barclays global financial services conference, Moynihan noted that sales and trading revenue should remain roughly flat compared to the $5.4 billion generated in the third quarter of 2025, sending the bank's shares down more than 5% by late afternoon trading. While Moynihan highlighted a strong overall deals pipeline, solid consumer spending, and healthy credit quality across the U.S. economy, he cautioned that potential interest rate hikes by the Federal Reserve could eventually slow down financing demand. Tokyo-based memory chipmaker Kioxia Holdings Corp. is considering raising at least $10 billion by listing American depositary receipts in the U.S. as early as next year, according to sources familiar with the discussions. The NAND storage supplier has held preliminary talks with major Wall Street lenders including Goldman Sachs, JPMorgan Chase, and Bank of America to tap strong global investor appetite for artificial intelligence infrastructure and gain broader trading liquidity following billions of dollars in Japanese share buybacks. The potential offering, which could also enable Kioxia to join key semiconductor indexes, comes despite recent market volatility driven by discussions around AI safety guardrails and follows a massive rally that has pushed Kioxia's market capitalization in Tokyo to around $180 billion. - Jamie Cox, managing partner for Harris Financial Group, Richmond, Virginia CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.24 billion on a fully diluted basis in its U.S. initial public offering, the company revealed in a filing on Monday. Read more Copper prices fell to a three-week low below $14,000 a ton as rising LME inventories eased supply tightness and a stronger dollar pressured industrial metals. Copper has now dropped 6.2% from last week's record high, while uncertainty over US tariffs and tighter monetary policy further weighed on sentiment. Read more - Nic Puckrin, cross-asset analyst and founder of Coin Bureau, Dubai Top Wall Street strategists at major firms including Morgan Stanley, Goldman Sachs, and JPMorgan Chase are maintaining a bullish outlook for U.S. equities, predicting that strong corporate profits and economic growth will allow the market to withstand an anticipated Federal Reserve rate increase. Although high inflation and elevated oil prices pushed bond yields near 5% and caused recent market wobbles, analysts point out that the S&P 500 remains less than 2% below its record high after a robust second-quarter earnings season. While acknowledging the risk of short-term volatility or potential corrections if inflation remains sticky, strategists emphasize that historical market drawdowns typically require a full hiking cycle paired with a recession, making equities a solid intermediate-term hedge during periods of nominal economic growth. Dallas-based Texas Capital Bancshares has announced it will transfer its primary stock listing from Nasdaq to the newly launched Texas Stock Exchange, becoming the fifth company to sign on with the upstart venue in just seven days. The $4.3 billion financial services firm, whose chief executive serves on a TXSE advisory board, plans to begin trading under the new ticker TXCP on October 8 following similar departure announcements from pipeline operator Energy Transfer and three associated companies. Backed by $300 million from major financial institutions like BlackRock and Citadel Securities, the Dallas-based exchange aims to rival traditional heavyweights like Nasdaq and the New York Stock Exchange as Texas continues to grow its presence as a major U.S. financial hub. Chinese artificial intelligence startup DeepSeek is set to appoint Yan Wentao, a partner at venture capital firm GL Ventures, as its first chief financial officer as the company prepares for a potential initial public offering on Shanghai's STAR Market. The hiring of the experienced dealmaker marks a major step in transforming the Hangzhou-based developer from a research lab funded by founder Liang Wenfeng's quantitative hedge fund into a formal corporate enterprise. Having disrupted the tech sector by producing low-cost AI models that challenged U.S. spending assumptions, DeepSeek is now aggressively raising capital at a reported valuation near 500 billion yuan ($74 billion) while increasing investments in semiconductors, data center capacity, and top talent. Anthropic has introduced Claude for Financial Advisors, connecting its flagship AI chatbot directly to wealth management platforms and investment analytics tools from major firms like BlackRock, Charles Schwab, and Addepar. The platform aims to streamline daily tasks such as client meeting preparation, portfolio analysis, and administrative follow-up work, following a similar financial research product launched recently by rival OpenAI. This release highlights Anthropic's continued expansion into specialized corporate markets, even as questions persist across the tech industry regarding the cost, pace, and safety of advanced artificial intelligence systems. Anthropic has introduced a dedicated tool called Claude for Financial Advisors, connecting its flagship chatbot directly to investment analytics and wealth management platforms from major firms like BlackRock, Charles Schwab, and Addepar. Designed to streamline client meeting preparations, portfolio reviews, and administrative follow-up work, the release comes just days after OpenAI unveiled a similar financial research product for investment bankers and equity analysts. The launch underscores Anthropic's expanding push into the financial services sector, even as the broader tech industry faces rising scrutiny over the rapid pace, high cost, and potential risks of artificial intelligence development. US Senate Republicans have released a revised version of the Clarity Act, incorporating 126 substantive changes sought by Democrats. The crypto bill faces a key procedural vote on Tuesday, but its passage remains uncertain as Democrats weigh ethics safeguards and the banking industry continues to oppose provisions allowing stablecoin rewards. Read more New York-based crypto data provider Kaiko has raised $110 million in a funding round led by S&P Global, in a sign of growing interest from mainstream financial institutions in tracking digital asset markets. Other investors in the round include BNP Paribas, Nasdaq, Royal Bank of Canada, French state investor Bpifrance and U.S. trading firm Susquehanna, Kaiko said in a statement on Monday. Kaiko, which was founded in France in 2014, said it would use the funds to strengthen its data business and expand its product offering, which currently covers more than 150 different exchanges and crypto protocols. Read more U.S. President Donald Trump said on Monday that Iran wanted to reach a deal with Washington, signalling a possible diplomatic opening as fighting across the Middle East widened and threatened global oil supplies. "The failing Nation of Iran wants to make a deal, quickly and badly. I will determine whether or not the U.S.A. will choose to engage - The concept of which we are open to," Trump wrote on Truth Social. He made his comments came after Gulf Arab states postponed a planned meeting with Iran and Yemen's Iran-aligned Houthis launched a fresh attack on Saudi Arabia, highlighting fears the conflict could spread further across the region. Abbott Laboratories has agreed to pay more than $384 million to settle allegations related to contaminated infant formula, the U.S. Justice Department said on Monday. Alphabet's self-driving unit Waymo said on Monday it will offer rides to the general public in Las Vegas, marking its first foray into Nevada, as it expands its robotaxi service in more U.S. states. Waymo, which was valued at $126 billion in February when it raised $16 billion, has been growing its robotaxi fleet as it competes with Amazon's Zoox and Tesla in the self-driving vehicle market. * Waymo will invite public riders to use its services in Las Vegas as it starts off with a few dozen vehicles, with plans to scale over time. * Zoox was the only robotaxi operator in the city offering paid rides to the public after it began commercial operations last month. * Las Vegas is Waymo's first public robotaxi market in Nevada, adding to its push beyond its established operations in California, Texas, Florida and Arizona. New York-based crypto data provider Kaiko has raised $110 million in a funding round led by S&P Global, with participation from major financial institutions including BNP Paribas, Nasdaq, Royal Bank of Canada, Bpifrance, and Susquehanna. Founded in France in 2014, Kaiko plans to use the new capital to expand its product offerings and bolster its data business, which currently tracks more than 150 crypto protocols and exchanges. The investment highlights growing interest from traditional financial institutions in tokenization and digital asset markets, even as cryptocurrencies have retreated from their late-2025 peaks. Artificial intelligence stocks suffered heavy losses worldwide on Monday after industry leaders, including Anthropic CEO Dario Amodei, Sam Altman, and Elon Musk, advocated for a global slowdown in AI development due to safety risks, sending shares of chipmakers and tech investors like Nvidia, SoftBank, and SK Hynix tumbling. At the same time, escalating Middle East conflicts drove Brent crude prices up to nearly $108.50 a barrel and briefly pushed the 10-year U.S. Treasury yield to 5% for the first time since 2023, raising inflation concerns ahead of an expected Federal Reserve rate hike. However, gains in traditional software and oil industry stocks helped cushion broader market indexes, even as President Donald Trump publicly dismissed the need for AI guardrails, arguing that government restrictions risk ceding competitive ground to China. Tech companies including Palantir, Nvidia, and Booz Allen Hamilton are restricting their use of advanced models from Anthropic and OpenAI over fears that their proprietary data and intellectual property could be misused. The resistance follows policy changes such as Anthropic retaining usage logs to defend against cyber threats and allegations that OpenAI may have trained models on user data. In response, Palantir has demanded zero-data-retention guarantees, Nvidia has shifted internal work to its own models, and Booz Allen has banned Anthropic's commercial models for sensitive cybersecurity projects, while Microsoft is using these data security worries to pitch its own isolated cloud systems to prospective clients. AI-related stocks fell across global markets on Monday after Anthropic CEO Dario Amodei called for slowing down the pace of AI development. Some other major technology figures also supported the idea. Investors are worried that a slowdown in AI development could hurt companies linked to the sector. This includes chipmakers, data centre companies, software firms and large cloud players. Read more Oil futures trimmed early gains to sit roughly 3% higher, down from over 4% earlier in the session, after U.S. President Donald Trump stated that Ukraine has agreed not to strike Russian energy targets. President Donald Trump dismissed calls for additional safety guardrails on artificial intelligence on Monday, asserting on social media that the only control the technology requires is a strong and smart president. Pushing back against tech industry leaders from companies like Anthropic, OpenAI, and Microsoft who have advocated for stronger regulations to ensure national security and mitigate legal risks, Trump claimed that imposing limits on the sector is part of a sick conspiracy that only benefits China. He argued that strict domestic oversight risks allowing China to surpass the United States in AI advancement, while noting that his administration has already stepped in directly when needed to prevent bad outcomes. Elon Musk's X Corp and SpaceXAI have officially dropped their federal antitrust lawsuit against Apple in Texas, where they had accused the tech giant of unlawfully monopolizing smartphone and artificial intelligence markets by exclusively integrating OpenAI's ChatGPT into Apple Intelligence. The joint court filing did not reveal the specific terms of the resolution or state whether a financial settlement was reached. While Apple has been released from the case, Musk's companies confirmed they will keep pursuing their legal claims against co-defendant OpenAI. Gulf Arab nations cancelled a scheduled meeting with Iran on Monday following a dramatic escalation in regional conflict, marked by a massive Houthi missile and drone strike on a southern Saudi airbase and an earlier attack that disabled Saudi Arabia's main east-west oil pipeline. The renewed fighting in Yemen and targeted strikes on crucial energy routes have pushed Brent crude past $109 a barrel, worsening a global energy crunch caused by the ongoing blockade of the Strait of Hormuz. Oman was forced to postpone the diplomatic talks intended to negotiate safe passage through the strait after Saudi Arabia requested more time, while Washington faces growing pressure from Riyadh to intervene as Houthi forces capture strategic positions along the Red Sea. US President Donald Trump rejected calls for stronger government oversight of artificial intelligence, saying the technology only needs a “strong and smart” president as a guardrail. He accused critics of AI and data centres of a “SICK conspiracy” and warned that tighter controls could help China overtake the US in AI. Benchmark 10-year U.S. Treasury yields climbed above 5% on Monday, the highest level since October 2023 and a closely watched psychological threshold that analysts say could ripple through the U.S. economy and threaten the bull market in stocks by denting the relative appeal of U.S. equities. Read more - Steve Sosnick, chief market analyst, Interactive Brokers, Greenwich, Connecticut Benchmark 10-year Treasury yields neared the key psychological level of 5% on Monday ahead of this week's Federal Reserve meeting, at which the U.S. central bank is widely expected to raise interest rates. Read more Technology stocks are sliding worldwide after leaders of the artificial-intelligence industry warned a slowdown is needed for safety, while another jump in oil prices is pressuring financial markets. Read more Goldman Sachs expects the US Federal Reserve to raise interest rates by 25 basis points at its September meeting, joining a growing number of Wall Street firms that anticipate further monetary policy tightening as inflation concerns resurface, Reuters reported. Read more Wall Street may be heading for a rough start today after OpenAI and Anthropic leaders called for a slowdown in AI development to manage risks and protect humanity, triggering a sharp selloff in global AI stocks. Read more Technology losses could influence broader market sentiment ahead of a potential Federal Reserve rate hike later this week. Traders were pricing in nearly an 89% chance of a rate increase, according to CME's FedWatch, after data showed US inflation accelerating last week. Oil prices also rose, with Brent crude up 2.5% at $107.28 a barrel and WTI gaining 2.3% to $102.39. Not all investors agreed with the increasingly cautious tone around AI. Michael Burry said on X that warnings from major players could be aimed at limiting competition from smaller companies. Brian Jacobsen of Annex Wealth Management also questioned the credibility of some claims, saying investors should focus on evidence rather than fear when assessing potential risks and the industry's future. The weakness in chipmakers contrasted with gains in US software stocks, which have faced pressure from concerns that AI could disrupt their businesses. ServiceNow rose 4.3%, while Adobe and Workday gained 2.4% and 2.6%, respectively. The divergent moves highlighted how investors were reassessing different parts of the technology sector as debate over the pace and risks of AI development intensified. AI-linked and semiconductor stocks came under pressure in premarket trading. Nvidia fell more than 2%, while Intel, AMD and Marvell Technology declined 5.5%, 5.1% and 7%, respectively. The moves came after executives including Anthropic CEO Dario Amodei, Elon Musk and OpenAI CEO Sam Altman backed calls for a slower pace of AI development, raising concerns about the sector's outlook. US stock futures fell on Monday, with Nasdaq 100 futures leading the decline as investors reassessed the rapid pace of artificial intelligence development. Dow E-minis fell 0.15%, S&P 500 E-minis dropped 0.68%, while Nasdaq 100 E-minis declined 1.56%. The weakness came as concerns over AI safety and the sustainability of heavy investment in the sector weighed on technology shares.
Business News›Markets›US Stocks›News›Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US stocks end lower as AI slowdown fears hit chipmakers LIVE BLOG US stocks fall as AI fears hit chipmakers. Synopsis Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US stocks ended lower on Monday as calls from AI industry leaders to slow development pressured chipmakers, while the 10-year Treasury yield briefly topped 5%. Nvidia, Broadcom, Micron and AMD fell, while higher oil prices added to inflation concerns ahead of the Fed meeting. Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US stocks ended lower on Monday as investors weighed growing concerns over the pace and risks of AI development. Nvidia, Broadcom, Micron Technology and AMD fell after AI leaders called for a slowdown. The 10-year Treasury yield briefly crossed 5%, its highest since 2023, adding pressure ahead of the Federal Reserve meeting. Rising oil prices and inflation concerns also weighed on sentiment, while the S&P 500's valuation fell to its lowest level since April 2025. Show more 1 New Update S&P 500 lost 36.93 points, or 0.48%, to end at 7,620.05 points, while the Nasdaq Composite lost 145.25 points, or 0.55%, to 26,187.79. The Dow Jones Industrial Average fell 151.66 points, or 0.29%, to 52,421.63. Read more President Donald Trump has rejected warnings from some of the world's biggest AI executives that the technology is advancing too quickly, setting up a sharp divide with Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman and SpaceX's Elon Musk over the need for stronger safeguards, Reuters reported. Read more Bank of America expects its third-quarter investment banking fees to fall by at least 10% to between $1.6 billion and $1.8 billion, down from $2 billion in the same period last year, CEO Brian Moynihan said on Monday. Speaking at the Barclays global financial services conference, Moynihan noted that sales and trading revenue should remain roughly flat compared to the $5.4 billion generated in the third quarter of 2025, sending the bank's shares down more than 5% by late afternoon trading. While Moynihan highlighted a strong overall deals pipeline, solid consumer spending, and healthy credit quality across the U.S. economy, he cautioned that potential interest rate hikes by the Federal Reserve could eventually slow down financing demand. Tokyo-based memory chipmaker Kioxia Holdings Corp. is considering raising at least $10 billion by listing American depositary receipts in the U.S. as early as next year, according to sources familiar with the discussions. The NAND storage supplier has held preliminary talks with major Wall Street lenders including Goldman Sachs, JPMorgan Chase, and Bank of America to tap strong global investor appetite for artificial intelligence infrastructure and gain broader trading liquidity following billions of dollars in Japanese share buybacks. The potential offering, which could also enable Kioxia to join key semiconductor indexes, comes despite recent market volatility driven by discussions around AI safety guardrails and follows a massive rally that has pushed Kioxia's market capitalization in Tokyo to around $180 billion. - Jamie Cox, managing partner for Harris Financial Group, Richmond, Virginia CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.24 billion on a fully diluted basis in its U.S. initial public offering, the company revealed in a filing on Monday. Read more Copper prices fell to a three-week low below $14,000 a ton as rising LME inventories eased supply tightness and a stronger dollar pressured industrial metals. Copper has now dropped 6.2% from last week's record high, while uncertainty over US tariffs and tighter monetary policy further weighed on sentiment. Read more - Nic Puckrin, cross-asset analyst and founder of Coin Bureau, Dubai Top Wall Street strategists at major firms including Morgan Stanley, Goldman Sachs, and JPMorgan Chase are maintaining a bullish outlook for U.S. equities, predicting that strong corporate profits and economic growth will allow the market to withstand an anticipated Federal Reserve rate increase. Although high inflation and elevated oil prices pushed bond yields near 5% and caused recent market wobbles, analysts point out that the S&P 500 remains less than 2% below its record high after a robust second-quarter earnings season. While acknowledging the risk of short-term volatility or potential corrections if inflation remains sticky, strategists emphasize that historical market drawdowns typically require a full hiking cycle paired with a recession, making equities a solid intermediate-term hedge during periods of nominal economic growth. Dallas-based Texas Capital Bancshares has announced it will transfer its primary stock listing from Nasdaq to the newly launched Texas Stock Exchange, becoming the fifth company to sign on with the upstart venue in just seven days. The $4.3 billion financial services firm, whose chief executive serves on a TXSE advisory board, plans to begin trading under the new ticker TXCP on October 8 following similar departure announcements from pipeline operator Energy Transfer and three associated companies. Backed by $300 million from major financial institutions like BlackRock and Citadel Securities, the Dallas-based exchange aims to rival traditional heavyweights like Nasdaq and the New York Stock Exchange as Texas continues to grow its presence as a major U.S. financial hub. Chinese artificial intelligence startup DeepSeek is set to appoint Yan Wentao, a partner at venture capital firm GL Ventures, as its first chief financial officer as the company prepares for a potential initial public offering on Shanghai's STAR Market. The hiring of the experienced dealmaker marks a major step in transforming the Hangzhou-based developer from a research lab funded by founder Liang Wenfeng's quantitative hedge fund into a formal corporate enterprise. Having disrupted the tech sector by producing low-cost AI models that challenged U.S. spending assumptions, DeepSeek is now aggressively raising capital at a reported valuation near 500 billion yuan ($74 billion) while increasing investments in semiconductors, data center capacity, and top talent. Anthropic has introduced Claude for Financial Advisors, connecting its flagship AI chatbot directly to wealth management platforms and investment analytics tools from major firms like BlackRock, Charles Schwab, and Addepar. The platform aims to streamline daily tasks such as client meeting preparation, portfolio analysis, and administrative follow-up work, following a similar financial research product launched recently by rival OpenAI. This release highlights Anthropic's continued expansion into specialized corporate markets, even as questions persist across the tech industry regarding the cost, pace, and safety of advanced artificial intelligence systems. Anthropic has introduced a dedicated tool called Claude for Financial Advisors, connecting its flagship chatbot directly to investment analytics and wealth management platforms from major firms like BlackRock, Charles Schwab, and Addepar. Designed to streamline client meeting preparations, portfolio reviews, and administrative follow-up work, the release comes just days after OpenAI unveiled a similar financial research product for investment bankers and equity analysts. The launch underscores Anthropic's expanding push into the financial services sector, even as the broader tech industry faces rising scrutiny over the rapid pace, high cost, and potential risks of artificial intelligence development. US Senate Republicans have released a revised version of the Clarity Act, incorporating 126 substantive changes sought by Democrats. The crypto bill faces a key procedural vote on Tuesday, but its passage remains uncertain as Democrats weigh ethics safeguards and the banking industry continues to oppose provisions allowing stablecoin rewards. Read more New York-based crypto data provider Kaiko has raised $110 million in a funding round led by S&P Global, in a sign of growing interest from mainstream financial institutions in tracking digital asset markets. Other investors in the round include BNP Paribas, Nasdaq, Royal Bank of Canada, French state investor Bpifrance and U.S. trading firm Susquehanna, Kaiko said in a statement on Monday. Kaiko, which was founded in France in 2014, said it would use the funds to strengthen its data business and expand its product offering, which currently covers more than 150 different exchanges and crypto protocols. Read more U.S. President Donald Trump said on Monday that Iran wanted to reach a deal with Washington, signalling a possible diplomatic opening as fighting across the Middle East widened and threatened global oil supplies. "The failing Nation of Iran wants to make a deal, quickly and badly. I will determine whether or not the U.S.A. will choose to engage - The concept of which we are open to," Trump wrote on Truth Social. He made his comments came after Gulf Arab states postponed a planned meeting with Iran and Yemen's Iran-aligned Houthis launched a fresh attack on Saudi Arabia, highlighting fears the conflict could spread further across the region. Abbott Laboratories has agreed to pay more than $384 million to settle allegations related to contaminated infant formula, the U.S. Justice Department said on Monday. Alphabet's self-driving unit Waymo said on Monday it will offer rides to the general public in Las Vegas, marking its first foray into Nevada, as it expands its robotaxi service in more U.S. states. Waymo, which was valued at $126 billion in February when it raised $16 billion, has been growing its robotaxi fleet as it competes with Amazon's Zoox and Tesla in the self-driving vehicle market. * Waymo will invite public riders to use its services in Las Vegas as it starts off with a few dozen vehicles, with plans to scale over time. * Zoox was the only robotaxi operator in the city offering paid rides to the public after it began commercial operations last month. * Las Vegas is Waymo's first public robotaxi market in Nevada, adding to its push beyond its established operations in California, Texas, Florida and Arizona. New York-based crypto data provider Kaiko has raised $110 million in a funding round led by S&P Global, with participation from major financial institutions including BNP Paribas, Nasdaq, Royal Bank of Canada, Bpifrance, and Susquehanna. Founded in France in 2014, Kaiko plans to use the new capital to expand its product offerings and bolster its data business, which currently tracks more than 150 crypto protocols and exchanges. The investment highlights growing interest from traditional financial institutions in tokenization and digital asset markets, even as cryptocurrencies have retreated from their late-2025 peaks. Artificial intelligence stocks suffered heavy losses worldwide on Monday after industry leaders, including Anthropic CEO Dario Amodei, Sam Altman, and Elon Musk, advocated for a global slowdown in AI development due to safety risks, sending shares of chipmakers and tech investors like Nvidia, SoftBank, and SK Hynix tumbling. At the same time, escalating Middle East conflicts drove Brent crude prices up to nearly $108.50 a barrel and briefly pushed the 10-year U.S. Treasury yield to 5% for the first time since 2023, raising inflation concerns ahead of an expected Federal Reserve rate hike. However, gains in traditional software and oil industry stocks helped cushion broader market indexes, even as President Donald Trump publicly dismissed the need for AI guardrails, arguing that government restrictions risk ceding competitive ground to China. Tech companies including Palantir, Nvidia, and Booz Allen Hamilton are restricting their use of advanced models from Anthropic and OpenAI over fears that their proprietary data and intellectual property could be misused. The resist
document fetched 2026-09-15 02:52