AI-linked stocks fall after tech bosses call for slowdown in 'reckless' development - The Guardian

Stocks slide as AI hype wanes and Bitcoin worries grow

Markets slid Monday. September 14 saw declines. AI stocks retreated. Tech leaders urged slowing reckless development. Chip and memory stocks also declined. A Black Swan investor echoed Michael Burry. He warned of a euphoric rally before a crash.

Bitcoin came under pressure. An analyst said a S&P 500 pullback might send Bitcoin to $10,000. Another investor called Bitcoin a single-use bet. He said its collapse could cause big damage. Transat A.T. shares declined 5.97 percent. Fuel costs stood behind the decline. Warren Buffett urged caution when others are greedy.

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