Tech and AI stocks tumble as safety concerns mount

Global technology and AI-linked stocks experienced sharp declines as investors grew concerned over safety issues and calls from industry leaders to slow artificial intelligence development. Companies including Nvidia, SoftBank, and SK Hynix saw significant losses in trading.

The selloff reflects a shift in market sentiment, with investors reassessing expectations of rapid AI growth and productivity gains that had fueled the recent equity rally. Industry figures, including Anthropic's CEO, have advocated for a more cautious approach to AI development.