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Bitcoin rises as concerns about AI slowdown drag down chip stocks such as Nvidia and Intel

2026-09-15 03:17:27
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Calls for AI development to slow down triggered market shocks, but Bitcoin rose against the trend.

The growing calls from within the industry to slow down AI development are triggering severe market shocks, leading to artificial Intelligence related stocks fell sharply. At the same time, the cryptocurrency market is currently unaffected, and Bitcoin is climbing today-perhaps thanks in part to positive regulatory news, with the rebirth of the Clarity Act.

Over the weekend, Anthropic CEO Dario Amodei published a long article titled "We must control the speed of cutting-edge development," arguing that the artificial intelligence industry needs to deliberately slow down the pace of improving model capabilities. He pointed to two recent events that contributed to his shift in stance: recursive self-improvement, which accelerated industry-wide progress, and a proxy swarm incident involving OpenAI and Hugging Face, which he saw as a warning sign.

Within a day, OpenAI's Sam Ultraman and xAI's Elon Musk both publicly agreed with this view.

As markets opened Monday, Wall Street clearly viewed the calls as bad news for chip stocks that are supporting the AI boom. Nvidia fell as much as 3% on Monday, Intel fell more than 5% and AMD fell about 6%. Shares of silicon wafer maker Marvell Technology fell the largest by 7.5%, and the widely used gauge of chip stocks fell nearly 6%.

But not all assets have suffered a sharp fall. Bitcoin is out of the selling wave.

Bitcoin is moving in the opposite direction. Bitcoin, the largest cryptocurrency by market cap, hit as high as $78,280, up nearly 2% since midnight Coordinated Universal Time (UTC) and rebounded about 4.8% from the record low of $82,284 set this month. Ethereum rose 2.1%, trading close to $2,514, and XRP rose 3.3%. Overall, the total market value of cryptocurrencies increased by approximately 1.5%.

This strong trend continues the pattern of the past few weeks. Bitcoin briefly fell to $76,877 during Federal Reserve Chairman Kevin Warsh's hawkish speech in Jackson Hole in late August, and then rebounded to above $80,000 on September 3, when Fed Governor Christopher Waller suggested he might support keeping interest rates unchanged, a comment that triggered a short squeeze of more than $415 million.

Monday's move followed the same rhythm: interest rate hikes weighed on Bitcoin, and any sign of easing would push it up again.

Progress in U.S. cryptocurrency legislation has provided additional impetus to market sentiment. Over the weekend, as President Trump agreed to update previous ethics provisions that have blocked passage of the bill since July, the probability on Polymarket that Congress will pass the Clarification Act in 2026 jumped to 31%.

The Senate will vote on closing debate on Tuesday. Republicans control 53 seats and at least two lawmakers are expected to vote against it. Backers of the Clarity Act may need close to nine Democrats to reach the required 60 votes, which would create a dramatic vote on how the outcome might have a two-way impact on the market based on the final direction.

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