Anthropic and other AI executives call for slowing down technological development, putting short-term pressure on chip stocks

Anthropic and other AI executives are calling for a slowdown in technological development, which will put pressure on chip manufacturers and supply chain stocks in the short term, but strong spending on computing infrastructure will have limited long-term impact. The Nasdaq 100 index fell more than 4% from its June record, US chip stocks fell 14%, Asian technology stocks fell nearly 8%, and the S&P 500 index and MSCI Global Equity Index both rose slightly by about 0.6%.