US stocks slipped on Monday as a selloff in AI-linked stocks weighed on the broader market, with Nvidia and major chipmakers coming under pressure after prominent AI executives called for a slower pace of model development, Reuters reported.
Nvidia fell 3.2%, hitting its lowest level in nearly three weeks, while Amazon dropped about 1%. The losses came as investors reassessed the breakneck pace of investment in artificial intelligence, with concerns about the safety and development of increasingly capable AI models adding to uncertainty around some of the market's biggest technology bets.
