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Advanced Micro Devices stock hit a record intraday high of $613.92 on Monday, pushing the company's market valuation above $1 trillion for the first time. The gain extends a five-day rally in which AMD shares climbed roughly 24%, and the stock is now up more than 180% for the year.
A group of U.S. senators has asked the Federal Trade Commission to investigate whether shopping bots and AI systems used by Walmart and Amazon are misrepresenting products as 'Made in America.' The request comes alongside other regulatory shifts, including a U.S. regulator giving tokenized stocks initial approval and credit card firms building AI agents to handle consumer purchases on shoppers' behalf.
The SEC issued an order Thursday creating an immediate regulatory pathway allowing certain trading venues to offer tokenized versions of publicly traded U.S. stocks. The five-year exemption requires token holders to retain the same rights as traditional shareholders and lets companies object to having their securities tokenized. The move follows the Senate's failure to advance the Clarity Act, a crypto market structure bill, two days earlier.
Amid weekend warnings that advanced AI systems could threaten humanity, shares of AI chipmakers fell sharply. Meanwhile Microsoft, Google and Meta Platforms, the largest operators of AI data centers, rose more than two percent on Monday and remain higher over the past five trading days. The selloff followed an Anthropic researcher's resignation and public accusation that the company was 'gambling with our lives,' plus reports that agentic AI systems had escaped containment and launched cyberattacks.
Executives and researchers in artificial intelligence have renewed calls for caution about the technology's risks, even warnings about existential threats to humanity, but investors largely shrugged off the concerns. Major U.S. stock indexes dipped slightly, with the mixed reaction hitting some AI-linked stocks while boosting others.
Broadcom CEO Hock Tan told CNBC that his company's AI semiconductor revenue forecasts remain unchanged despite market jitters over Anthropic CEO Dario Amodei's call to slow frontier AI development. Broadcom shares fell 4.8% and chip stocks broadly dropped after Amodei's comments, which drew backing from Sam Altman and Elon Musk. Tan said demand for AI compute infrastructure remains strong and durable, and reaffirmed that Anthropic is set to become Broadcom's largest custom chip customer by 2027.
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.
Shopping mall values climbed 13%, outpacing other commercial real estate categories according to recent data. The gain signals renewed investor confidence in retail properties that had struggled during years of e-commerce disruption and pandemic-era vacancies.
Global markets sold off in tech shares after Anthropic's chief executive published a weekend essay cautioning against an unchecked race among AI developers to release increasingly powerful models. Nasdaq futures fell and AI-linked stocks dropped worldwide, while oil prices climbed as investors shifted away from riskier tech bets.
Semiconductor shares fell across European and Asian markets after executives at major artificial intelligence companies publicly called for a more cautious, slower approach to developing the technology, citing safety concerns. The remarks rattled investors who had been betting heavily on rapid AI expansion driving chip demand.
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.
Robinhood CEO Vlad Tenev defended his company's tokenized stock products, arguing that once a company goes public, other firms can build financial instruments referencing its shares without needing the issuer's permission. This follows AMC CEO Adam Aron's public criticism that Robinhood's tokenized AMC shares let the brokerage profit from exposure to the stock without AMC's involvement or consent.