Chip stocks down: AMD, Nvidia, Intel, and Sandisk lead market selloff after AI bosses call for a pause

fastcompany.com · 2026-09-14

Anthropic CEO Dario Amodei published an open letter calling for a slowdown in development, an idea that was endorsed by OpenAI's Sam Altman and others.

TickrTrends take: NVDA experienced downward price pressure alongside other semiconductor manufacturers following calls from AI industry leaders for a development pause, yet TickrTrends currently assesses the stock as undervalued based on its valuation analysis. For investors focused on valuation metrics, this pullback in chip stocks may warrant monitoring whether the stock's valuation discount persists if market sentiment around AI development timelines shifts. The Technology sector backdrop and any subsequent earnings or guidance revisions will be relevant factors to track in relation to the current undervalued assessment.

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