Tech Stocks' Sudden Slump: A Cautionary Tale of Overreaction? The recent sell off in tech stocks following warnings about slowing AI development is a textbook case of overreaction to the unknown.
The Nasdaq 100 index took a 1. 2% hit, with Nvidia and SpaceX among the hardest hit companies.
Sam Altman, OpenAI leader, Elon Musk, and Dario Amodei, Anthropic's CEO, have called for slowing down AI development due to concerns about its rapid advancement.