New Delhi, Sept. 14 -- 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. Broadcom, Advanced Micro Devices, and Intel each declined 5%, 6.5% and 8% while Marvell Technology shed 9.5%. Hyperscalers such as Amazon and Tesla also dropped more than 2% each.

The weakness dragged the Nasdaq Composite down 1.7% to the day's low of 28,867, while the S&P 500 and Dow Jones Industrial Average fell 0.6% and 0.3%, respectively.

Anthropic CEO Dario Amodei ...