AI trade jolted as OpenAI, Anthropic comments hit futures
U.S. stock futures pointed lower Monday after weekend comments from OpenAI and Anthropic executives revived concerns about the pace of AI development. Nvidia, Micron, Sandisk and Oracle were among the stocks cited as in focus.
S. stocks look set for a negative open on Monday, with futures for the Dow Jones, S&P 500, and Nasdaq Composite declining after closing in the green on Friday. Anthropic CEO Dario Amodei on Sunday expressed significant concerns over China’s role in the global AI landscape, while describing the country as the "toughest dilemma" in his proposal to decelerate AI progress. Amodei published an essay on Saturday urging AI companies to slow advancements, following warnings from researchers about potential catastrophic risks.
" He said OpenAI has also decided to delay its IPO plans for 2026 due to unresolved safety concerns and alignment challenges. 626%. 5% likelihood of the Federal Reserve hiking the current interest rates during its September meeting. 39% The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Monday.
75. See Also: Dan Ives Says China is Not Slowing Down Anytime Soon Despite Anthropic’s Dario Amodei Warning of Rogue AI Seizing Internet Within Months Stocks In Focus Nvidia Nvidia Corp. (NASDAQ: NVDA ) is said to be in talks to invest in Anthropic’s upcoming IPO. The chipmaker is reportedly considering investing up to $10 billion as an anchor investor.
85% in Monday’s pre-market trade. Edge Stock Rankings indicate that NVDA maintains a strong price trend in the long and medium terms, with a good quality score. Micron Technology Micron Technology Inc. (NASDAQ: MU ) shares are in focus on Monday after OpenAI and Anthropic called for slowing down the pace of AI development.
04% pre-market. Edge Stock Rankings indicate that MU maintains a strong price trend in the long and medium term, with a good quality score. Sandisk Sandisk Corp. 41% pre-market after comments from Altman and Amodei, apart from others like Tesla Inc.
CEO Elon Musk, over the weekend rattled investors, impacting the AI trade ahead of the opening bell. Edge Stock Rankings indicate that SNDK maintains a strong price trend in the long and medium terms, with a good momentum score. Sandisk Oracle Corp. 5 billion based on the previous closing price of the company’s shares.
58% pre-market. Edge Stock Rankings indicate that ORCL maintains a weak price trend in the long and medium terms, with a good growth score. Tesla Tesla Inc. (NASDAQ: TSLA ) is set to unveil the long-awaited Roadster on Oct.
1, almost a decade after the company first announced the next-generation sports car. 12% in the pre-market session. Edge Stock Rankings indicate that TSLA maintains a weak price trend in the long and medium term and a strong price trend in the short term. Cues From Last Session Most S&P 500 sectors ended Friday in negative territory, with communication services, information technology and consumer discretionary stocks posting the steepest declines.
Utilities and health care were the only sectors to buck the broader market trend, closing the session higher. 94 Insights From Analysts Analysts at Schwab Center for Financial Research said in a note on Monday that despite modest pullbacks in oil prices and Treasury yields on Friday, both remain at levels that could weigh on the Federal Reserve and equities. The firm added that elevated borrowing costs can curb economic activity and pressure future earnings growth. S.
crude also topped $100 a barrel last week for the first time since May, adding to cost pressures for consumers and businesses. See Also: Trump Suggests US Could Remain in Iran to Control Oil Reserves Like With Venezuela, Predicts Gas Prices Will ‘Drop Like a Rock’ Once War Ends: Report Technically, the S&P 500’s 50-day moving average near 7,600 could remain a key pivot point in the days ahead, according to SCFR. Despite last week’s struggles, the index remains roughly 2% below the all-time high reached last month.
The firm stated in its note that support could emerge near 7,490, a level where the index traded in late July before rallying on strong earnings from the Magnificent Seven. Some of Friday’s strength may have reflected the S&P 500’s ability to defend the 7,600 level earlier in the week, SCFR noted. Upcoming Economic Data Here’s what investors will be keeping an eye on this week: No data is scheduled to be released on Monday. On Tuesday, the Federal Open Market Committee’s two-day meeting will commence, with all eyes on the FOMC’s policy direction.
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On Thursday, initial jobless claims for the week ending Sept. 12, August’s pending home sales, and housing starts will be announced. m. ET.
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81 per coin over the last 24 hours. Asian markets closed mixed on Monday, with Japan’s Nikkei 225 and Hong Kong’s Hang Seng indices rising, while South Korea’s Kospi and China’s CSI 300 declined. Australia’s ASX 200 index closed in the green, while the European markets were mixed in early trading. See More: Top Momentum Stocks Photo courtesy: Shutterstock