Patrick Bet-David Warns Monday Could Be a ‘Bloodbath’ for Stocks as AI Safety Debate Rattles Markets: Samsung, SK Hynix, SoftBank Lead Asian Selloff
Patrick Bet-David, a prominent entrepreneur and host of the PBD Podcast, warned that Monday could bring a sharp selloff for stocks, tied to confusion over the AI industry’s safety direction.
Stock Market ‘Could Get Very Nasty’
“Monday could be a bloodbath for the stock market,” Bet-David said in a post on X Sunday, though he called it “likely temporary until the messaging & vision gets cleared up about super intelligence.”
He said he expects the White House to step in with messaging to “ease the overreaction,” but warned that “Monday could get very nasty” regardless.
AI safety concerns intensified over the weekend after Anthropic CEO Dario Amodei called for a slowdown in AI development, while OpenAI CEO Sam Altman and Space Exploration Technologies Corp. (NASDAQ:SPCX) CEO Elon Musk have also weighed in on AI safety risks.
President Donald Trump has dismissed calls for an AI slowdown, telling reporters on Sunday, “whoever wins with AI wins” and dismissing safety warnings as coming from “negative forces.”
Economist Mohamed El-Erian questioned whether “this weekend’s tech news” would test markets, noting that strong tech earnings have “repeatedly insulated equities from external disruptions.”
Stocks to Watch
Nvidia Corp. (NASDAQ:NVDA) faces direct exposure as the dominant supplier of AI accelerators used in frontier-model training, while Micron Technology Inc. (NASDAQ:MU) is exposed to high-bandwidth memory orders following sharp drops among its Asian peers.
Hyperscalers Microsoft Corp. (NASDAQ:MSFT), Amazon.com Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) and Meta Platforms Inc. (NASDAQ:META) could face scrutiny over massive data-center capex commitments if the AI slowdown debate weighs on expected demand.
CrowdStrike Holdings Inc. (NASDAQ:CRWD) has drawn attention after CEO George Kurtz argued machine-speed AI threats require more security investment, not less development, an endorsement Jim Cramer called a “must-buy” signal.
Futures Slide As Korean and Japanese Chip Stocks Lead Asian Losses
U.S. stock futures fell early Monday, with S&P 500 futures down 0.62%, Nasdaq-100 futures down 1.48% at the time of writing.
The selloff hit Asia harder.
Seoul-listed shares of SK Hynix Inc. (NASDAQ:SKHY) fell 6.35%, and Samsung Electronics dropped 4.05% on Monday, dragging South Korea’s KOSPI down roughly 3.26%.
Korea’s index is heavily weighted toward the memory chipmakers supplying AI servers.
In Tokyo, SoftBank Corp. plunged 10.72%, while Japan’s Nikkei 225 declined 0.81%.
Price Action: Nvidia’s shares closed 0.03% lower on Friday at $218.29 and fell 2.15% in pre-market trading on Monday.
Benzinga edge rankings indicate Nvidia’s stock has a Momentum score in the 77th percentile and Growth score in the 98th percentile.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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