US market crash: Nvidia, Intel among chip stocks plunging up to 9.5% as AI slowdown fears hit Wall Street

Major US chip stocks came under renewed selling pressure on Monday, September 14, following a brief rally in the previous session, as leading artificial intelligence companies raised concerns over the rapid advancement of the technology.

Nvidia, which has been at the forefront of the AI-led rally, saw its shares fall 4.3% to the day’s low of $209.