{"id":71757,"date":"2026-09-14T10:08:14","date_gmt":"2026-09-14T14:08:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-defends-ai-expansion-amid-market-slump-and-geopolitical-tensions\/71757\/"},"modified":"2026-09-14T10:08:14","modified_gmt":"2026-09-14T14:08:14","slug":"trump-defends-ai-expansion-amid-market-slump-and-geopolitical-tensions","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-defends-ai-expansion-amid-market-slump-and-geopolitical-tensions\/71757\/","title":{"rendered":"Trump Defends AI Expansion Amid Market Slump and Geopolitical Tensions"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President Trump issued a forceful defense of the AI industry<\/strong>, claiming his administration has already utilized regulatory power to curb &quot;bad actions&quot; while warning that a &quot;sick conspiracy&quot; against data centers benefits China.<\/li>\n<li><strong>U.S. Tech stocks faced a sharp sell-off<\/strong>, with <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) opening 3.7% lower as major industry players and analysts began calling for a strategic slowdown in AI development.<\/li>\n<li><strong>Germany is set to bolster its defense capabilities<\/strong> with a \u20ac3.4 billion purchase of Tomahawk missiles and Typhon systems from Lockheed Martin (<a href=\"\/stock\/LMT\">LMT<\/a>).<\/li>\n<li><strong>ExxonMobil (<a href=\"\/stock\/XOM\">XOM<\/a>) is investigating a power outage<\/strong> at its 264,000 barrel-per-day refinery in Joliet, Illinois, potentially tightening regional fuel supplies.<\/li>\n<li><strong>Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>) shares rose<\/strong> following reports of potential takeover talks involving Apollo Global Management.<\/li>\n<\/ul>\n<h3>Trump Rejects AI &quot;Guardrails&quot; in Favor of Presidential Oversight<\/h3>\n<p>In a series of statements on Truth Social, President Donald J. Trump asserted that the only &quot;guardrail&quot; the artificial intelligence industry requires is a &quot;strong and smart&quot; president. Trump claimed his administration has already intervened to stop AI &quot;people&quot; from performing &quot;potentially bad things,&quot; specifically naming Anthropic CEO Dario Amodei in his remarks.<\/p>\n<p>The President characterized the growing push for stricter AI regulation and scrutiny of data centers as a <strong>&quot;sick conspiracy,&quot;<\/strong> arguing that such hurdles only serve to help China catch up to U.S. interests. He emphasized that the U.S. currently leads the global AI race and warned &quot;leakers and traitors&quot; against undermining domestic technological progress.<\/p>\n<h3>Tech Sector Slumps as AI Enthusiasm Cools<\/h3>\n<p>The broader technology sector faced significant headwinds on Monday as the &quot;AI boom&quot; showed signs of fatigue. <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) shares dropped 3.7% at the open, fueled by a growing chorus of voices within Big Tech calling for a more measured approach to AI deployment.<\/p>\n<p><a href=\"https:\/\/stockmarketwatch.com\/stock\/MSFT\" data-internallinksmanager029f6b8e52c=\"18\" title=\"Stock: MSFT\">Microsoft<\/a> (<a href=\"\/stock\/MSFT\">MSFT<\/a>) contributed to this shift in sentiment, releasing a statement emphasizing that <strong>&quot;people matter more than AI.&quot;<\/strong> This pivot toward &quot;human-centric&quot; technology comes as investors begin to question the immediate return on massive capital expenditures in the AI space.<\/p>\n<h3>Global Defense and Geopolitical Shifts<\/h3>\n<p>Germany has moved to significantly upgrade its long-range strike capabilities, announcing a <strong>\u20ac3.4 billion deal<\/strong> for U.S.-made Tomahawk missiles and Lockheed Martin (<a href=\"\/stock\/LMT\">LMT<\/a>) Typhon systems. This move underscores the escalating security concerns in Europe as Russian attacks in Ukraine continue to intensify.<\/p>\n<p>Meanwhile, diplomatic tensions remain high in the East. China\u2019s Foreign Minister Wang Yi urged France to avoid official communications with Taiwan and called for the EU to avoid direct confrontations. This follows a joint statement from <strong>12 EU member countries<\/strong> calling for a more &quot;strategic and proactive&quot; role for the bloc in the European Arctic.<\/p>\n<h3>Energy and Corporate Developments<\/h3>\n<p>ExxonMobil (<a href=\"\/stock\/XOM\">XOM<\/a>) reported a power outage at its <strong>264,000 bpd Joliet refinery<\/strong>, one of the largest inland refineries in the United States. The company is currently investigating the cause, and market participants are monitoring the situation for potential impacts on Midwest gasoline and diesel benchmarks.<\/p>\n<p>In the healthcare sector, Johnson &amp; Johnson (<a href=\"\/stock\/JNJ\">JNJ<\/a>) saw positive price action amid rumors of a major deal with Apollo Global. Additionally, Cardiff Oncology (<a href=\"\/stock\/CRDF\">CRDF<\/a>) announced a <strong>major legal victory<\/strong> and settlement with Nerviano Medical Sciences, resolving a long-standing dispute and clearing a path for future clinical developments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump issued a forceful defense of the AI industry, claiming his administration has already utilized regulatory power 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