QtrendsIran and Israel exchanged fire, sending oil prices spiking before erasing most gains as Tehran signaled an end to the attack. The escalation compounded a turbulent week on Wall Street, where the Nasdaq and S&P 500 posted their worst single-day losses of the year as AI stocks collapsed and markets priced in rising odds of a Fed rate hike. Nvidia led chip shares in a tentative rebound Monday, signing a new memory-chip deal, while broader sentiment remained fragile. Separately, Anthropic called for industry-wide coordination on AI safe-guard triggers, underscoring growing debate around the pace of AI deployment.
Iran launched fresh attacks on Israel, sending global oil prices sharply higher before most gains were erased after Iran announced it was ending the current round of strikes. The confrontation added a new layer of risk for energy markets already on edge. Stock futures initially dipped but recovered as investors weighed the likelihood of a contained conflict. Analysts warned that further escalation could push oil prices significantly higher.
Nvidia shares were among the biggest premarket movers Monday as the company struck a new memory-chip partnership, lifting the broader semiconductor sector. Marvell and other chip names also gained. However, SK Hynix and Samsung shares came under pressure amid market uncertainty. Analysts issued a fresh round of calls on Nvidia, Apple, Micron, and other major tech names, reflecting cautious optimism after last week's rout.
The Nasdaq and S&P 500 suffered their worst single-day declines of the year as AI and tech stocks plunged on renewed fears that the Federal Reserve could raise interest rates. A stronger-than-expected US jobs report fueled rate-hike speculation, sending shockwaves through global markets. Hong Kong and other Asian markets also fell as the AI trade unraveled. The selloff underscored growing fragility in risk assets amid tight monetary policy expectations.
Anthropic called on the AI industry to establish coordinated frameworks that would allow for a collective pause in development if risks reach dangerous levels. The appeal highlights growing concern among AI developers about uncontrolled scaling. Meanwhile, China's progress in AI innovation drew praise from global multinational corporations, while Arizona's innovation ecosystem was highlighted as a US AI growth hub. The diverging narratives reflect an intensifying global debate over AI governance and competitiveness.