U.S. stocks open lower as AI selloff follows safety warnings

  • U.S. stocks opened lower as semiconductor shares fell after AI-development caution from corporate executives.
  • The Nasdaq Composite fell 1.20%, while the S&P 500 and Dow declined 0.71% and 0.24%.
  • Arm dropped 9.55%, Lam Research fell 7.45%, and SK Hynix lost 7.29%.

U.S. stocks opened lower on Sept. 14 as a broad semiconductor selloff followed calls by several U.S. artificial-intelligence company CEOs for slower technology development. A later market report put the Nasdaq Composite down 1.20%, the S&P 500 lower by 0.71% and the Dow Jones Industrial Average off 0.24%, differing from previously reported opening figures. Arm fell 9.55%, Lam Research lost 7.45%, SK Hynix declined 7.29% and Intel dropped more than 7%, as investors took profits in richly valued AI hardware and storage shares.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.
U.S. stocks open lower as AI selloff follows safety warnings - CoinPost Terminal