Chip stocks slip as AI-safety slowdown calls spook markets

NVIDIA stock slipped in premarket trading as AI-safety concerns and calls for a slowdown in AI development rattled the chip sector, with Broadcom, Intel, and Marvell dropping after AI leaders including Anthropic’s Dario Amodei and OpenAI’s Sam Altman urged caution on advancing powerful models. Futures for major indices were down as oil climbed, and investors awaited the Federal Reserve’s policy meeting.