Cointime

Cointime

Download App
iOS & Android
Home / Point

US AI Chip Stocks Drop Pre-Market, Intel Falls Over 5%, AMD Over 4%

On September 14, US AI chip stocks collectively fell in pre-market trading as three major AI giants called for a slowdown in AI model development. Among them, Intel dropped over 5%, AMD fell over 4%, Qualcomm, TSMC, and Broadcom declined over 3%, Nvidia fell by 2%, and NXP and Tesla dropped nearly 2%.

Comments

All Comments

Recommended for you

  • Abraxas Capital Increases Short Positions, Total Holdings Approach $1 Billion

    On September 14, AiCoin's Smart Money data revealed that Abraxas Capital today continued to expand its short positions through two associated addresses: 1. 0x5b5d…c060: added $7.29 million in shorts, including $4.05 million in ETH and $3.24 million in ZEC. The current contract holdings are approximately $600 million, with an unrealized loss of $43.16 million; the core short positions in ETH, BTC, SOL, and HYPE have a total unrealized loss of $48.22 million. 2. 0xb83d…6e36: added $10.97 million in shorts, including $7 million in ETH, $3.13 million in ZEC, and $840,000 in BTC. The current contract holdings are $373 million, with an unrealized loss of $39.72 million; similarly, the four core short positions have an unrealized loss of $37.96 million. The total holdings of the two associated accounts amount to $973 million, with a combined unrealized loss of $81.08 million.

  • Houthi Forces: Significant and Precise Strikes on Saudi Air Base

    On September 14, the Houthi forces issued a statement announcing that the Yemeni armed forces conducted a large-scale military operation against Saudi Arabia's Khamis Mushait airbase and its infrastructure. We utilized dozens of ballistic missiles and drones to target military facilities and infrastructure at the airbase, including hangars, radar systems, runways, and ammunition depots, with precision and direct impact. As long as Saudi Arabia continues its unjust aggression against our people, the armed forces will persist in executing significant military operations on Saudi territory. Any new acts of aggression will be met with larger and more severe actions. We will continue to maintain a strategy of besieging the besieger and escalating in response to escalation until the aggression ceases and the blockade on our country is lifted.

  • Iran: Saudi Arabia Requests Delay of Meeting on Strait of Hormuz

    Iranian Foreign Ministry spokesman Esmail Baghaei stated at a weekly press conference that Saudi Arabia has requested a 'temporary' postponement of the meeting between Gulf countries and Iran regarding the Strait of Hormuz. Saudi Arabia attributed the request to the developments in Yemen, which it claims is a distraction from the root causes of the crisis. The agreement reached between Iran and Oman concerning the Strait is a bilateral agreement between the two coastal nations. Iran hopes that regional countries can 'promote regional security through dialogue and limit the influence of destructive external actors.'

  • Storage Stocks Drop Pre-Market; SK Hynix Falls Over 6%, SanDisk Over 5%

    On September 14, storage stocks in the U.S. market collectively fell pre-market, with SK Hynix dropping over 6% and SanDisk over 5%. Micron Technology, Seagate Technology, and Rambus each fell over 4%, while Western Digital and Silicon Motion dropped over 3%. In news, executives from leading global AI platform companies stated that due to the increasing risks associated with this technology, the development pace of the most advanced and profitable models should be slowed down. Anthropic CEO Dario Amodei published a lengthy blog post on Saturday, indicating that the company will implement new safety measures, such as introducing third-party assessment agencies, and called for broader industry support for measures to slow down the development of AI models. OpenAI CEO Sam Altman quickly responded that he would adopt Amodei's suggestion to 'grant independent assessment agencies access similar to that of employees.' Elon Musk, operating xAI, also stated, 'Dario is right.'

  • HSBC No Longer Believes the Fed Will Stand Pat This Year, Now Predicts Two Rate Hikes

    HSBC expects the Federal Reserve to raise interest rates by 0.25 percentage points in September and December, changing its previous assessment that rates would remain unchanged. Ryan Wang, HSBC's U.S. economist, stated in a report that following the August employment report and consumer price index (CPI) data, both of which exceeded HSBC's expectations, the bank now anticipates that the Federal Open Market Committee (FOMC) will vote to support a 25 basis point rate hike at its meeting on September 15-16. This would raise the federal funds target rate range to 3.75%-4%. "We believe the new dot plot from the FOMC may indicate a median forecast of 4.125% by the end of 2026, suggesting that (at least many policymakers) are inclined to implement consecutive 25 basis point hikes at the meetings on October 27-28 and December 8-9," Wang added. Given the strong momentum of U.S. economic growth, HSBC expects that after rate hikes this year, there will not be a swift shift to rate cuts. (Bloomberg)

  • US Optical Communication Stocks Drop Pre-Market, Corning and Coherent Fall Over 6%

    On September 14, US optical communication stocks collectively declined in pre-market trading as three major AI giants called for a slowdown in AI model development. Among them, MaxLinear and AXT Inc fell over 7%, while Corning, Applied Optics, and Coherent dropped over 6%. Lumentum, Mavenir Technologies, Credo Technology, Tower Semiconductor, and Ciena saw declines of over 5%.

  • US Cloud Computing Stocks Drop Pre-Market, NEBIUS and CoreWeave Fall Over 6%

    On September 14, US cloud computing service stocks collectively declined in pre-market trading as the three major AI giants called for a slowdown in AI model development. Among them, NEBIUS and CoreWeave fell over 6%, while Huiyu Technology dropped over 5%. Cerebras, Hut 8, WhiteFiber, and IREN Ltd fell over 4%, and Riot Platform and Oracle dropped over 3%. Amazon and Meta fell over 1%.

  • WTI and Brent Crude Oil Prices Surge Again

    WTI crude oil rose by 2.82% to $99.33, while Brent crude oil increased by over 3% to $104.72.

  • Ministry of Foreign Affairs: Spreading Various Threat Narratives Will Disrupt Global Governance of AI

    On September 14, Foreign Ministry spokesperson Guo Jiaqin hosted a regular press conference. A reporter asked about statements from a U.S. AI company claiming that China's AI development poses a threat to the U.S. Guo Jiaqin stated that the development of artificial intelligence concerns the common well-being of all humanity, and all parties should work together to promote AI that is open, inclusive, beneficial, and aimed at good. Spreading various threat narratives and engaging in confrontation and malicious competition will only disrupt the global governance process of AI and is not in the interest of any party. (CCTV News)

  • Ministry of Foreign Affairs: Spreading Various Threat Narratives Will Only Disrupt Global Governance of AI

    On September 14, Foreign Ministry spokesperson Guo Jiajun hosted a regular press conference. A reporter asked about comments from a U.S. AI company claiming that China's AI development poses a threat to the U.S. Guo Jiajun stated that the development of artificial intelligence concerns the common well-being of all humanity, and all parties should work together to promote AI that is open, inclusive, beneficial, and oriented towards good. Spreading various threat narratives and engaging in confrontation and malicious competition will only disrupt the global governance process of AI and does not serve the interests of any party. (CCTV News)

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company