Global tech stocks fell sharply after Anthropic CEO Dario Amodei called for a worldwide slowdown in AI development, citing safety risks. Nvidia dropped 3.4%, Intel fell nearly 6%, and Softbank lost 10.7% in Tokyo. The S&P 500 slipped 0.5% to 7,619.98, while the Dow Jones rose 0.2% to 31,130.19. President Trump downplayed the concerns, and analysts remained divided over whether the slowdown would actually materialize.
ECB President Christine Lagarde warned that Europe faces an unprecedented risk of being cut off from AI entirely. She pointed out that the US produced 59 notable AI models last year and China 35, while Europe produced none. Lagarde urged Europe to build more datacentres and develop its own models, noting that AI could boost productivity by up to 4% over a decade if adopted quickly. Europe's datacentre capacity gap could grow sixfold within ten years.
On a more positive note, New Jersey launched the nation's first statewide AI training program for workers in partnership with the State AFL-CIO, the Department of Labor, and Rowan University. The program, set to begin in October 2026, teaches workers to use AI on the job while guarding against biased hiring and job displacement. Broadcom CEO Hock Tan said AI infrastructure demand remains strong and that Anthropic is on track to become Broadcom's largest custom chip customer by 2027.
Not all companies suffered losses. Alphabet, Meta, and Microsoft rose despite the broader concerns. Meanwhile, the Navy is exploring how AI could help manage its decades-old financial data systems. In the sales tech space, Hyperbound was highlighted in the 2026 Gartner Market Overview for B2B Sales AI Role-Play Applications.
Key Takeaways
- Anthropic CEO Dario Amodei's call for a global AI slowdown triggered sharp declines in Nvidia (down 3.4%), Intel (down nearly 6%), and Softbank (down 10.7% in Tokyo)
- ECB President Lagarde warned Europe produced zero notable AI models last year while the US produced 59 and China 35, urging Europe to build its own AI infrastructure
- Europe's datacentre capacity gap could grow sixfold within ten years, putting its economy at risk
- New Jersey launched the first statewide AI worker training program with Rowan University, set to begin October 2026
- Broadcom CEO Hock Tan said AI demand remains strong and Anthropic will become its largest custom chip customer by 2027
- Alphabet, Meta, and Microsoft gained despite industry-wide AI safety concerns
- The Navy is exploring AI to manage decades of accumulated financial data systems
- Hyperbound was named in the 2026 Gartner Market Overview for B2B Sales AI Role-Play Applications
- Oil prices rose 2.5% to $72.43 per barrel, with Brent crude up 1% to $105.68 amid Houthi attacks
- Analysts remain split on whether the AI slowdown is temporary or signals a broader cooling in the market
AI stocks fall globally while broader market stays steadier after oil prices ease
AI stocks slid worldwide after industry leaders warned that a slowdown is needed for safety. The Dow Jones rose 0.2% to 31,130.19 and the S&P 500 gained 0.3% to 3,844.07. Oil prices jumped 2.5% to $72.43 per barrel, and the 10-year Treasury yield rose to 3.84%. Gold increased 0.4% to $1,655.50 per ounce.
U.S. futures fall on AI concerns as oil prices rise with Houthi campaign
U.S. futures dropped after Anthropic CEO Dario Amodei called for a global AI slowdown, citing safety risks. Nvidia fell 3.4%, SpaceX dropped 2%, and Softbank lost 10.7% in Tokyo. The S&P 500 slipped 0.5% to 7,619.98. Brent crude rose 1% to $105.68 as Houthi attacks disrupt Middle East energy transit.
Europe must build its own AI or risk dependence on US and China, says Lagarde
ECB President Christine Lagarde warned that Europe risks being cut off from AI by the US or China. She said the US produced 59 notable AI models last year and China 35, while Europe produced none. Lagarde urged Europe to build more datacentres and develop its own AI models to protect its economy.
Lagarde warns Europe faces unprecedented risk of being cut off from AI
ECB President Christine Lagarde said Europe must produce its own AI to maintain autonomy. She warned that losing access could affect every sector at once. Lagarde stated AI could boost productivity by up to 4% over a decade if adopted quickly. Europe's datacentre capacity gap could grow sixfold within ten years.
New Jersey launches first statewide worker AI training program
New Jersey State AFL-CIO, the Department of Labor, and Rowan University launched the nation's first statewide AI training program for workers. The program teaches workers to use AI on the job while protecting against biased hiring and job displacement. Training is expected to begin in October 2026, funded by a state grant.
Broadcom CEO says AI revenue goals stay strong
Broadcom CEO Hock Tan said demand for AI infrastructure remains strong. He agreed AI needs safeguards but compared its impact to the Industrial Revolution. Anthropic is on track to become Broadcom's largest custom chip customer by 2027. Tan expressed optimism about daily AI model usage called inference. His comments came after Anthropic CEO Dario Amodei called for a development slowdown.
CAC 40 falls 0.76% amid AI worries and oil prices
France's CAC 40 index closed at 8,117.78 points on Monday. This was a drop of 61.99 points or 0.76% from Friday. The decline was driven by AI safety concerns and rising oil prices. The index is now 7.3% below its 52-week high of 8,755.03. French investors showed little interest in buying during the session.
Tech stocks fall as analysts debate AI slowdown
Tech stocks slid on Monday after Anthropic CEO Dario Amodei called for slower AI development. Analysts offered mixed views on whether the slowdown would actually happen. Some saw it as a temporary reaction while others warned of a gradual cooling in the AI market. Chip stocks and data center companies were hit hard. Companies like Alphabet, Meta and Microsoft rose despite the concerns.
AI stocks drop as leaders urge slower development
Technology stocks fell globally after industry leaders called for slowing AI development. Nvidia shares dropped more than 3% and Intel fell nearly 6%. President Donald Trump downplayed the concerns on Monday. Anthropic CEO Dario Amodei published an essay over the weekend warning about rapid AI development. This followed previous warnings from AI leaders about the pace of the technology.
AI could help Navy manage financial data
Artificial intelligence may one day help the Navy manage its finances. The Navy currently has decades of financial systems that need untangling. A Navy official said the service is a data hoarder with too much information to manage. AI could eventually help sort through and organize this data. The challenge involves systems accumulated over many years.
Hyperbound highlighted in 2026 Gartner report for AI sales role-play
Gartner named Hyperbound as an example vendor in its 2026 Market Overview for B2B Sales AI Role-Play Applications. The report defines these tools as software that uses AI to simulate business conversations for sales training. Hyperbound co-founder and co-CEO described how AI helps sellers practice more often without overloading managers. Richardson president and CEO also praised Hyperbound for integrating its Challenger and Consultative training methods into personalized AI practice.
Sources
- AI stocks drop, but the rest of Wall Street holds steadier after oil prices give back an early jump
- U.S. futures slide on AI blowback; oil and gas jump after Houthis intensify campaign
- Europe must build own AI or risk getting cut off by US or China, says ECB’s Lagarde
- Europe facing unprecedented risk of being cut off from AI, Lagarde warns
- Workers take AI training into their own hands in New Jersey
- Broadcom CEO addresses Anthropic's slowdown push, says AI revenue targets haven't changed
- CAC 40 Today: French Benchmark Slides 0.76% as AI Safety Warnings and Surging Oil Rattle Paris Trading
- Tech stocks slide on AI slowdown talks
- AI stocks dip as tech leaders call for slowdown of development
- Artificial intelligence may help the Navy’s financial managers someday, after untangling decades of systems
- Hyperbound Named as an Example Vendor in the 2026 Gartner® Market Overview for B2B Sales AI Role-Play Applications
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