CHPS is trading 6.71% down as AI-linked technology stocks sell off after Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and Elon Musk called for slower advanced-AI development over safety risks.
- The warnings are challenging valuations across chips, memory, and other AI beneficiaries.
- Nasdaq futures are down sharply, with major technology shares leading broader market weakness.
- Higher oil prices and Federal Reserve rate uncertainty are adding to risk aversion.