Chip stocks reportedly fell 3–7% amid calls to slow frontier AI development
Palantir, CrowdStrike, ServiceNow and Adobe reportedly gained 2–5% in a rotation toward software, contrasting with declines in Nvidia, AMD and Micron.
TLDR
Nvidia, AMD and Micron reportedly fell 3–7% after AI lab leaders, including Anthropic’s Dario Amodei, urged slowing frontier AI development for safety. Palantir, CrowdStrike, ServiceNow and Adobe were reported up 2–5% in a rotation toward software. Trump reportedly disputed concerns about a slowdown.
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