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NVIDIA fell 2% pre-market, while Broadcom, Intel, and Marvell Technology dropped 3%, 5%, and 7% respectively, after AI company CEOs called for a slowdown in AI development.
Anthropic CEO Dario Amodei published an article over the weekend, calling for AI companies to slow down the development of their most powerful models due to safety risks, and pointing out that China's participation is a major obstacle. OpenAI CEO Sam Altman stated on Saturday that an IPO this year would be "unwise," adding to the short-term uncertainty in the AI industry. Impacted by this, NVIDIA's stock price fell 2% in pre-market trading on Monday, while Broadcom, Intel, and Marvell Technology dropped 3%, 5%, and 7% respectively.
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