TECL is trading at $191.99 (-8.77%) as AI-linked technology stocks lead a broader Nasdaq decline after Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and Elon Musk urged slower development of advanced AI systems over safety and economic-disruption concerns.
- Nasdaq 100 futures fell roughly 1.5%, with chipmakers and AI-heavyweights bearing the brunt.
- Higher oil prices and renewed Federal Reserve rate-risk concerns are adding pressure to growth-oriented technology shares.