Chip Stocks Decline Following AI Slowdown Concerns

Semiconductor stocks fell on Monday after Anthropic CEO Dario Amodei warned of potential risks in advanced AI systems, causing the Philadelphia Semiconductor Index to drop by up to 5.9%. Major companies including Nvidia, Broadcom, Micron, and AMD saw significant declines. While some analysts view the selloff as market noise, others remain concerned about AI-linked valuations and infrastructure spending. SK Hynix also experienced a decline in Asia.