AI Stocks Shaken by Selloff, Bold Chip Gambits & New Launches – Aug 20-21, 2025 Roundup
The Nasdaq Composite fell 0.7% on August 20 as investors sold AI stocks following warnings from OpenAI’s Sam Altman and an MIT study showing 95% of firms see no AI returns. Palantir dropped 16% from recent highs. The White House said it is negotiating to buy a 10% stake in Intel. Nvidia is preparing a new B30A AI chip for China, with samples expected next month.