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AI-linked chip stocks fell while cybersecurity shares rallied after industry leaders backed a slower pace for frontier model development.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Stocks tied to the AI boom fell Monday, while cybersecurity companies rallied as concerns
00:10about slowing artificial intelligence development hit Wall Street. Anthropic CEO Dario Amadei
00:16called for AI developers to slow the pace of model advances, with OpenAI CEO Sam Altman
00:22and Elon Musk agreeing. Micron, Intel, Marvell technology, and applied materials
00:28dropped more than 4%, while NVIDIA fell about 3%. Hewlett-Packard Enterprise slid about 11%.
00:35Palo Alto Networks and CrowdStrike jumped more than 13% each, while several other cybersecurity
00:41stocks posted double-digit gains. Amodei stopped short of calling for a halt to AI development.
00:49Altman said progress would remain rapid, but should move more slowly to accommodate safety measures.
00:55For all things money, visit Benzinga.com.
00:58For all things money, visit Benzinga.com.
00:58For all things money, visit Benzinga.com.
00:58For all things money, visit Benzinga.com.
00:59For all things money, visit Benzinga.com.
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