Tech stocks slumped as AI executives urged an industry slowdown, dragging down chipmakers while cybersecurity shares rose. Major developments continued across the sector, including Tesla establishing a Vietnamese subsidiary, Larry Ellison canceling a $7.5 billion Oracle stock sale, and Meta launching a new subscription service. Political friction also emerged, with Donald Trump rejecting AI regulations in discussions with Nvidia's CEO while clashing with OpenAI's Sam Altman over safety guardrails.
01Company specific
Tesla sets up Vietnam unit
Tesla's direct entry into VinFast's home market establishes a secondary Southeast Asian demand buffer as domestic competitors squeeze its primary Asian market share.
Tesla established a local subsidiary in Ho Chi Minh City on September 11 with 77.667 billion dong, or roughly $3 million, in charter . Tesla Motors Vietnam Limited Liability Company is authorized to import, distribute, and sell vehicles, parts, and machinery. David Jon Feinstein chairs the new entity, with Isabel Ching Fan serving as general director. The move gives Tesla a formal legal presence in one of Southeast Asia's fastest-growing electric vehicle markets without an immediate announcement from the company. Tesla walks into the domestic stronghold of VinFast Auto Ltd., which captured 42% of Vietnam's vehicle market in August. VinFast delivered 20,161 electric vehicles in August, bringing its preliminary domestic deliveries to 154,073 through the first eight months of 2026. Tesla is expanding its regional footprint as its in neighboring China slides amid intensifying competition. Tesla's share of China's battery-electric vehicle market fell to 6.6% in the second quarter from more than 15% in 2020.
Larry Ellison Cancels Plan to Sell Up to $7.5 Billion of Oracle Stock
Halting an executive share-sale plan eliminates a major equity overhang while the market weighs expanding AI infrastructure capital expenditure against rising debt loads.
Larry Ellison canceled a plan to sell up to 50 million shares of Oracle stock worth roughly $7.5 billion. Oracle disclosed the reversal in a regulatory filing, noting that no shares had changed hands under the trading plan adopted on June 22. The company offered no reason for the cancellation, which leaves Ellison's roughly 40% stake intact. Oracle shares fell around 4% following the news, pressured alongside broader as industry leaders called for increased regulation. The decision also lands as Oracle grapples with mounting expenditures for its data centre expansion, having cut 21,000 jobs this fiscal year and set aside an additional $700 million for restructuring.
Nvidia Considers Up to $10 Billion Investment in Anthropic IPO
Financing its primary tenant's listing creates a circular capital flow that inflates compute demand expectations while anchoring Nvidia's own data center hardware backlog.
Nvidia is considering an investment of up to $10 billion to serve as an anchor investor in Anthropic's potential initial public offering. Anthropic has selected for the listing, which could value the developer near $2 trillion and raise as much as $100 billion. The transaction would eclipse a previous record as the largest public debut on record. Nvidia's potential check functions as a strategic maneuver to secure hardware demand while participating in customer upside. The chipmaker previously committed up to $10 billion in November 2025 alongside Microsoft Azure infrastructure, creating a financial feedback loop where the hardware supplier finances its own tenant. Anthropic reported an annualized run rate surging past $65 billion by July 2026, up from $9 billion at the end of 2025. The terms of the offering remain under negotiation and subject to change without a completed S-1 filing.
Trump Rejects Additional AI Regulations, Criticizes Anthropic CEO
Federal refusal to mandate AI safety standards shifts the regulatory burden entirely onto private balance sheets, favoring aggressive infrastructure spenders over safety-focused developers like Anthropic.
President Donald Trump rejected calls for additional regulations and dismissed warnings about the technology as a hoax. Trump called Nvidia CEO Jensen Huang during an on-stage appearance at the All-In Summit in Los Angeles to push back against an industry proposal to slow the pace of model development. Anthropic CEO Dario Amodei published an essay advocating for government mediation and exemptions to coordinate a deliberate slowdown in frontier AI development. Nvidia CEO Jensen Huang opposed the proposal, arguing that safety is an engineering challenge that does not require new laws or regulations. Trump aligned himself with Huang, stating that opposition serves foreign interests and that his administration will maintain aggressive industry growth. House Speaker Mike Johnson downplayed the necessity of passing legislation to rein in artificial intelligence before the upcoming congressional break.
Trump Met Privately With OpenAI CEO Sam Altman at GOP Convention
The leader in frontier artificial intelligence is prioritizing safety-driven listing delays over immediate capital market access, contrasting with political resistance to federal industry guardrails.
President Donald Trump met privately with OpenAI chief executive Sam Altman backstage at the Republican midterm convention on Thursday. Altman requested the meeting to discuss frontier development and the growing power of the technology. The private discussion followed public warnings from former researchers regarding the safety risks of rapid artificial intelligence scaling. Altman stated over the weekend that OpenAI would delay going public this year due to safety concerns and argued that slowing development is worth the cost. Trump rejected calls for federal guardrails, warning on social media that industry regulations would lead to oblivion and while calling artificial intelligence the greatest economic development engine in history.
AI Stocks Slide After Tech CEOs Call for Industry Slowdown
Voluntary commitments to cap frontier model scaling directly target the continuous hardware capex expansion that underwrites memory and semiconductor valuations.
Nvidia shares fell 3 percent to $210.86 on Monday after tech executives called for a slower pace of development. Anthropic CEO Dario Amodei published an essay over the weekend urging labs to pace frontier models, a position echoed by OpenAI CEO Sam Altman and xAI CEO Elon Musk. The warning sparked a broader technology as investors weighed the sustainability of hardware spending. Micron Technology dropped 6 percent to $914.30, and Broadcom declined 5 percent to $344.50 following its fourth-quarter forecast of $34.8 billion. Cybersecurity firms bucked the trend, with Okta gaining 5 percent and CrowdStrike advancing as infrastructure protection demand accelerated.
Meta Launches 'Meta One' Subscriptions for Creators with AI Features
Directly monetizing creator utilities transfers the ROI burden of massive infrastructure buildouts from volatile ad buyers to software subscribers.
Meta introduced a global subscription service called Meta One on Tuesday, bundling features across Instagram, Facebook, WhatsApp, and Meta with prices ranging from $2.99 a month for single apps up to $499 a month for top creator and business tiers. The rollout introduces more than 50 new features across app-specific enhancements, individual AI bundles, and professional management tools. Single-product plans include Instagram Plus and Facebook Plus at $3.99 a month alongside WhatsApp Plus at $2.99 a month. Individual AI users can choose between the $7.99 Core plan and the $19.99 Premium plan, both of which unlock higher usage limits for image and video generation powered by Meta's Muse models and features like Instagram's Restyle. Creator and business span four tiers, starting with the $14.99 Essential plan and scaling through the $49.99 Advanced, $149 Expert, and $499 Max levels to provide verified badges, automated customer response agents, and team account access. Meta reported that its phased introduction and early tests have already attracted more than 15 million sign-ups, including paid subscriptions and trials. Free access to core social features and basic Meta AI remains unchanged.
Rapid corporate AI investments clash directly with calls for safety slowdowns and political resistance to regulation. Whether massive capital expenditures can deliver sustainable returns without clear regulatory frameworks remains unresolved.
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