U.S. equities and crypto markets moved in different directions on Sept. 14, according to BlockBeats. Pre-market trading showed broad weakness across technology shares as concerns grew over a slowdown in frontier AI development, while Bitcoin and Ether both posted gains of about 1%.
Bitcoin rose to $77,800 and Ether climbed to $2,500. The pressure on tech names followed recent remarks from Anthropic CEO Dario Amodei, who called for slowing frontier AI development so safety measures can keep pace with the technology. OpenAI CEO Sam Altman and Elon Musk were said to agree with that view.
The sell-off was visible across Asian and U.S. markets. South Korea’s KOSPI fell about 3%, while SK Hynix dropped 6%. In U.S. pre-market trading, the Nasdaq-100 ETF lost about 1.5%, with Nebius down 6%, CoreWeave down 5%, and both SanDisk and Intel lower by about 5%.
At the same time, rising energy prices added to market pressure. Brent crude climbed more than 3% to around $107 a barrel, and WTI moved above $103. Gold fell nearly 1% to $4,300 per ounce, while silver slipped about 1.5%. Investors are now watching the Federal Reserve, which is set to begin a two-day policy meeting tomorrow, with markets almost unanimously expecting a 25-basis-point cut to the benchmark rate.
U.S. stocks and crypto assets diverged on Sept. 14, according to BlockBeats.
Pre-market tech shares came under pressure on concerns over a slowdown in frontier AI development. Bitcoin moved the other way, rising about 1% to $77,800, while Ether gained about 1% to $2,500.
AI slowdown concerns weigh on tech shares
Anthropic CEO Dario Amodei recently called for frontier AI development to slow so that safety measures can keep pace with technological progress. OpenAI CEO Sam Altman and Elon Musk agreed with that position.
South Korea’s KOSPI fell about 3%, and SK Hynix dropped 6%. In U.S. pre-market trading, the Nasdaq-100 ETF was down about 1.5%. Nebius and CoreWeave fell 6% and 5%, while SanDisk and Intel each lost about 5%.
Oil rally adds pressure as Fed meeting approaches
At the same time, a sharp rise in oil prices added to market pressure. Brent crude rose more than 3% to near $107 a barrel, and WTI climbed above $103.
In precious metals, gold fell nearly 1% to $4,300 per ounce, while silver slipped about 1.5%.
The Federal Reserve is set to begin a two-day policy meeting tomorrow. Markets are almost unanimous in expecting a 25-basis-point cut to the benchmark interest rate.
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