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semiconductor / news / / MarketScreener

Profit-taking following the recent AI rally remains the dominant theme for European semiconductor stocks.

Broadcom shares dropped over 10% after its AI-related outlook missed market expectations.

KEY POINTS
FRANKFURT/NEW YORK (dpa-AFX) - Profit-taking following the recent AI rally remains the dominant theme for European semiconductor stocks this Friday. The US sector index came under significant pressure at times. Broadcom shares saw double-digit losses after the AI giant's outlook failed to fully meet exceptionally high expectations. On the Tradegate trading platform this morning, Micron Technology, Nvidia, South Korea's SK Hynix, and Infineon are notably trading lower. The latter approached its previous day's low on Xetra at 83.52 euros, down 1.8 percent from its closing price. Drawing significant attention on Friday is a blog post by AI developer Anthropic, which has been picked up by numerous media outlets. The California-based company, known for its AI Claude, is advocating for a slower pace in AI development. They point primarily to the increasing risks of humans losing control over AI models as they optimize themselves at an accelerating rate. A slowdown in this development would be 'a good thing' to give everyone the time to truly assess the immense implications./ag/ajx/jha/
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