Technology company stocks registered strong drops in global markets this Monday, driven by growing concern about artificial intelligence security and the possibility of a slowdown in technology development. The negative movement especially affected chip manufacturers and companies linked to the memory market.
Before the Wall Street opening, investors started considering that a slower pace of AI expansion could reduce investments in infrastructure needed to sustain the sector's growth. Nvidia, one of the main beneficiaries of the AI boom, registered a decline of 2.9%, while Advanced Micro Devices (AMD) fell 5.7%.
In the American pre-market, Sandisk, Intel and Micron fell more than 5%. SpaceX, owned by Elon Musk, was also pressured, with a decline of 2.6%. Companies that operate massive cloud computing structures, such as Meta and Amazon, had drops above 1.4% each.
