U.S. stocks opened in the red on Sept. 14, according to market data from BIT (Bit.com), with all three major indexes posting early losses. The Dow Jones Industrial Average fell 0.2%, the S&P 500 dropped 0.7%, and the Nasdaq declined 1.2% at the open.
AI chip names moved lower after AI industry leaders called for a slowdown in development. Nvidia (NVDA.O) fell 3.3%, Intel (INTC.O) dropped 7%, and AMD (AMD.O) lost 5.2%.
Memory and storage-related stocks also came under pressure. Micron Technology (MU.O) fell 6.7%, SK Hynix (SKHY.O) dropped 7.1%, and Sandisk (SNDK.O) declined 5.8%.
Oracle (ORCL.N) was down 5.2%. The report said the company had started a new round of layoffs.
U.S. stocks opened lower on Sept. 14, according to market data from BIT (Bit.com). The Dow Jones Industrial Average fell 0.2%, the S&P 500 dropped 0.7%, and the Nasdaq declined 1.2% at the open.
AI chip and memory stocks fell broadly
AI chip shares moved lower after AI industry leaders called for a slowdown in development. Nvidia (NVDA.O) fell 3.3%, Intel (INTC.O) dropped 7%, and AMD (AMD.O) lost 5.2%.
Memory and storage-related stocks also posted broad losses. Micron Technology (MU.O) fell 6.7%, SK Hynix (SKHY.O) dropped 7.1%, and Sandisk (SNDK.O) was down 5.8%.
Oracle also declined
Oracle (ORCL.N) fell 5.2%. The report said the company had started a new round of layoffs.
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