Chip stocks extended a rout on Monday, triggered by an AI slowdown call from Anthropic CEO Dario Amodei that sent the Philadelphia Semiconductor Index down as much as 5.9%.

Nvidia fell 3.4%, Broadcom slid nearly 5%, and Micron and AMD each dropped more than 4%, dragging the Nasdaq 100 down as much as 1.3% and reviving debate over whether AI-linked valuations face a sharper correction.

AI Slowdown Selloff Reaches Asia

South Korea’s SK Hynix slid roughly 7.6% in sympathy with its US peers, tied to the same AI infrastructure buildout, Seoul Economic Daily reported.

Like its US counterparts, SK Hynix also felt the sting of the AI Safety fears. Image Source: Trading View

Amodei’s essay argued the most advanced AI systems risk slipping beyond…