AI Safety Debate Sparks Global Tech Selloff

Nvidia's stock plunged over 13% on Friday, wiping out billions in market value and triggering a broad selloff in global chipmakers, as investor concerns about AI industry safety and sustainability intensified. The decline followed a contentious public debate between AI leaders, including OpenAI's Sam Altman and Anthropic's CEO Dario Amodei, over the risks of unregulated AI development. This uncertainty spooked investors, who began questioning the high valuations of AI-related companies. The selloff spread to Asian markets, hitting major chip manufacturers like SK Hynix and Samsung. Analysts suggest the market is reassessing the long-term profitability of AI infrastructure investments, though some view the correction as a potential buying opportunity.