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The Economic Times
The Economic Times
Akash Podishetti

AI slowdown trade hits Nvidia, SoftBank, SK Hynix as global tech stocks fall up to 10%

Nvidia SK Hynix SoftBank Anthropic Dario Amodei OpenAI Podishetti Akash SEBI United States

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.

In Asia, South Korean chip stocks were hit hard. SK Hynix fell more than 6%, while Samsung Electronics dropped more than 4%. SoftBank, which is one of OpenAI’s biggest investors, fell 10% in Japan. European AI and semiconductor stocks also came under pressure. ASML fell more than 5%, Nokia dropped about 8%, and Infineon lost more than 7%. Companies linked to data centre expansion, such as Siemens Energy and Schneider Electric, also traded lower.

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