Global markets sold off Monday after Anthropic CEO Dario Amodei and other prominent tech figures publicly urged a slowdown in AI capability development. Chipmakers and hyperscalers bore the brunt: Samsung, SK Hynix, ASML, Nokia, Infineon, Micron, Intel and Nvidia all dropped sharply, while SoftBank fell 10% in Tokyo trading. The rout followed a heated online dispute sparked by a former Anthropic/OpenAI researcher's resignation over safety fears, which escalated when an Anthropic safety researcher estimated a greater than 10% chance AI could wipe out humanity within a decade.
cnbc.com
· 2026-09-14
Jim Cramer said on 'Mad Money' that despite rising oil prices hitting retail, staples and discretionary stocks like Comcast, Procter & Gamble and Stanley Black & Decker, he remains optimistic about the broader market. All three major indexes fell for a third straight session, but Cramer pointed to strong AI-related semiconductor stocks, resilient bank shares, and the potential for oil prices to ease as reasons for his continued confidence.
cnbc.com
· 2026-09-09
Jim Cramer said on 'Mad Money' that markets are overly fixated on AI data-center stocks, urging investors to diversify. He cited GE Aerospace's nearly $12 billion acquisition of Consolidated Precision Products as a boon for Boeing's supply chain, and praised fintech names Robinhood and Affirm along with healthcare firms Hinge Health and Medtronic as overlooked opportunities.
cnbc.com
· 2026-09-08
A closely watched investment portfolio cut positions in AI-linked names Palo Alto Networks and Corning last week after big run-ups, locking in gains of roughly 148% and 52% respectively. Proceeds were redirected into more defensive holdings such as BNY and Kimberly-Clark, as rising oil prices and Treasury yields pressured risk appetite even after Nvidia's strong earnings failed to lift the broader AI trade.
cnbc.com
· 2026-09-05
The Securities and Exchange Commission has issued subpoenas to banks that handled trading and funding for Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, according to the New York Times. The probe comes after the fund lost billions in value following a late-July slump in AI stocks, though regulators have not accused the firm of any wrongdoing. Situational Awareness says it will fully cooperate with regulators, calling such scrutiny normal for high-profile funds.
techcrunch.com
· 2026-08-25
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