AI Stocks Plunge as Leaders Warn of Safety Risks Amid Rising Oil Prices
The AI industry is facing a slowdown after leaders warned of safety concerns.
Nvidia's stock fell 3.4% and was the heaviest weight on the market, while Softbank Group lost 10.7% in Tokyo due to OpenAI's potential delay in listing its shares.
Oil prices continued to rise, reaching $105.68 per barrel of Brent crude, contributing to higher inflation and expectations of a Federal Reserve interest rate hike.