AI-linked stocks slide after tech bosses call for slowdown in ‘reckless’ development

Donald Trump dismisses attempts to increase controls on artificial intelligence as sick conspiracy'

AI-linked stocks tumbled on Monday after the bosses of Anthropic, OpenAI and SpaceX called for a slowdown in AI reckless" development, citing fears the technology could soon run out of control.

Shares in the semiconductor designer Nvidia - the world's most valuable company - were down 3.3% by market closing in New York City, while Advanced Micro Devices (AMD) slid 4% and Micron Technology and Sandisk shares slumped by 5%. The tech-heavy Nasdaq index fund was down 0.5% by the end of the day.