Wall Street reacted to the possibility of an AI development slowdown, with enterprise software stocks such as Salesforce, Shopify, ServiceNow, and Figma gaining ground on Monday. ServiceNow jumped 7%, while Salesforce rose nearly 5%. Meanwhile, stocks of neoclouds and chip firms fell by similar proportions. The article suggests that the chances of a coordinated AI slowdown are low, as both President Donald Trump and the Chinese government have dismissed AI safety concerns.
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