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Workday and Adobe rose 2.5%-3% on Monday, bucking the trend of falling AI chip stocks amid calls to slow frontier AI development
Workday, Inc. (NASDAQ:WDAY) and Adobe Inc. (NASDAQ:ADBE) saw their shares climb roughly 2.5% to 3% on Monday, September 14. This occurred as AI chip stocks declined following renewed calls to slow the development of frontier AI. The market is now considering whether a slower pace of AI advancement could give established software platforms more time to integrate AI features and monetize them, rather than being disrupted by new models.
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