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

Shares of major semiconductor companies fell in premarket trading on Monday, leading a broader stock market selloff as investors digested statements from AI leaders over the weekend about the need to slow down AI development due to safety concerns. Advanced Micro Devices Inc (Nasdaq: AMD), Intel Corp (Nasdaq: INTC), Taiwan Semiconductor Manufacturing Company (NYSE: TSM), and Nvidia Corporation (Nasdaq: NVDA) were all trading lower as of early Monday morning. AI bosses do the safety dance...