Tech stocks slump after AI execs call for industry slowdown
Calls for a slowdown in artificial intelligence development sparked a global sell-off in technology stocks on Monday, as investors fretted over the sustainability of spending in a sector that has driven financial markets to record highs. The tech-heavy Nasdaq Composite Index slumped roughly 1% in early trading, with the broader S&P 500 falling 0.6%. The blue-chip…