SPRX is trading at $42.68 (-6.37%) as AI-linked equities sell off after OpenAI and Anthropic leaders urged slower advanced-model development, raising concerns about chip demand and AI investment.

  • NVIDIA, Intel, Micron, and Marvell are leading technology weakness, while Nasdaq futures fell roughly 1.5%-1.8%.
  • Rising oil prices and looming U.S. rate hikes are adding broader pressure to growth stocks.