Wells Fargo’s chief equity strategist Ohsung Kwon lowered his year-end target for the S&P 500 Index, citing mounting risks in the technology sector. Kwon is one of the few strategists on Wall Street to trim his forecast in recent weeks, cutting his call to 7,700 from 7,950. Tech downgraded, healthcare upgraded Kwon turned cautious on
Leading artificial intelligence executives backed calls to slow the development of advanced models over the weekend, turning warnings about human extinction into a dispute over corporate responsibility, government oversight and competition with China. Anthropic chief executive Dario Amodei’s intervention on Saturday drew support from OpenAI’s Sam Altman, Elon Musk and Google DeepMind’s Demis Hassabis. Their
Anthropic says it has disrupted attempts to use Claude for weapons development, mass surveillance and potentially dangerous biological research. The cases matter because AI can compress technical work that once required teams and longer timelines. The cases appear in Anthropic’s September 10 threat-intelligence report, covering activity detected between December 2025 and August 2026. The company
The artificial intelligence boom is reshaping the economics of the semiconductor industry, delivering windfall profits for memory-chip makers while giving workers greater leverage to demand a larger share of those gains. Micron Technology (MU) said on Friday that direct labour employees in Taiwan would receive bonuses equivalent to 35 to 68 months of pay for
SpaceX (SPCX) stock rose more than 1% on Friday to around $149 after initially slipping, extending its recovery from this week’s decline as investors digested another major artificial intelligence compute agreement. The latest contract could add $1.11 billion in monthly revenue beginning December 1, according to CFO Bret Johnsen, who disclosed the agreement at Goldman
Nvidia (NVDA) stock fell more than 2% on Thursday, putting the shares on track to extend a two-day losing streak. The move comes as higher oil prices and rising Treasury yields and fresh regulatory scrutiny weighed on the AI trade. The broader market also moved lower. The Dow Jones Industrial Average fell 258 points, or
Nvidia stock fell about 1.5% on Tuesday to around $227, taking a breather after three consecutive sessions of gains as broader markets came under pressure from rising oil prices and renewed Middle East tensions. The pullback was notable because several major semiconductor stocks moved higher. Intel surged more than 8% after Northland Capital Markets analyst
Qualcomm (QCOM) shares were surging on Tuesday after the chipmaker announced a major deal. The stock surged as much as 10% in early trading, but gave up most of those gains to trade around 4% higher at the time of writing. The company said it has entered a multi-generational product collaboration with Amazon Web Services
Micron Technology appears to be stepping up its high-bandwidth memory production as artificial intelligence demand continues to overwhelm supply, giving the chipmaker an opportunity to capture more of a fast-growing market. According to South Korean news outlet Electronic Times, Micron is spending to double its high-bandwidth memory production capacity by the end of the year.
Microsoft’s relationship with OpenAI has been central to its artificial intelligence strategy, but a forthcoming model highlights a growing risk as more powerful AI may also become harder to deploy quickly. OpenAI said on September 1 that Astra has reached the “Critical” cybersecurity capability threshold under its Preparedness Framework, the first OpenAI model to receive