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Memory Stocks Lead AI Selloff as Anthropic and OpenAI Chiefs Urge Slower Development: Micron and SanDisk Sink 6%, SK Hynix Drops 7%
Micron, SanDisk and SK Hynix fell as much as 7% after Anthropic and OpenAI leaders called for a slower pace of AI model development.
- On Monday, memory stocks fell sharply after Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman urged a slower pace for artificial intelligence development, reflecting investor concerns about the fragile AI-infrastructure trade.
- Amodei published an essay Saturday stating, "We must slow the pace" of AI model improvements, while Altman agreed early Monday, posting that pacing does "not mean 'stopping.'"
- Micron Technology shares dropped 6% to $916.03, SanDisk fell 6% to $1,531, and SKHY declined 7% to $175.98, while The Roundhill Memory ETF dropped 7%, confirming concentrated selling.
- Investors fear a development slowdown could pressure AI-infrastructure outperformers like Marvell Technology, CoreWeave, and Intel, though cybersecurity stocks diverged with CrowdStrike Holdings soaring 15%.
- Cooling sentiment weighed on growth stocks as GSPC fell 0.44% to 7,623 and IXIC dropped 0.44% to 26,217, yet neither Anthropic nor OpenAI has indicated changes to capital plans or model-training budgets.
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DECRYPTAGE - The call from the leaders of the major companies d的IA to slow down the development of the most advanced models of AI suggests a decrease in investment in infrastructure, which has been carrying the market for months.
·Paris, France
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BizTocMemory Stocks Lead AI Selloff as Anthropic and OpenAI Chiefs Urge Slower Development: Micron and SanDisk Sink 6%, SK Hynix Drops 7%
When the CEOs of Anthropic and OpenAI called for slower AI development over the weekend, memory stocks took the sharpest hit in the market Monday morning, and the reason behind that specific reaction reveals exactly how fragile the AI-infrastructure trade has become.
·Lakewood, United States
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Total News Sources14
Leaning Left2Leaning Right3Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
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