Wall Street fell on Monday as technology stocks linked to artificial intelligence sharply declined. Nvidia lost approximately 3 % at the open while the Philadelphia Semiconductor Index dropped nearly 6 %. The decline followed calls from several sector leaders, including Dario Amodei (Anthropic), Sam Altman (OpenAI) and Elon Musk (xAI), to slow the development of the most powerful AI models to strengthen safety. A total of $610 billion was erased from the US stock market at the open. The context was further strained by surging oil prices, with Brent crude trading around $109 per barrel, and Fed expectations, with nearly an 89 % probability of a rate hike on Wednesday.
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