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The Economic Times
The Economic Times
Debaroti Adhikary

Will Wall Street crash today? Nasdaq futures tumble nearly 2% as AI stocks plunge

Nasdaq Michael Burry OpenAI Anthropic Dario Amodei Sam Altman Elon Musk

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.

Nasdaq futures dropped more than 510 points or 1.7% to trade at around 29,170, as seen at around 5 am EDT. S&P 500 futures fell nearly 0.7%. Shares of ChatGPT-maker OpenAI's investor SoftBank crashed as much as 13% in Japan.

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