XLK is trading at $183.38 (-2.89%) as AI-linked technology stocks lead September 14, 2026’s selloff after Anthropic CEO Dario Amodei and other AI leaders urged slower capability development, raising concerns about future AI growth and infrastructure demand.
- NVIDIA fell more than 2% premarket, while semiconductor stocks suffered sharper losses.
- Surging oil prices and elevated interest-rate expectations are amplifying the decline; the Nasdaq Composite is down 0.78%.