Paladin Energy Ltd (PDN.AU) experienced a significant intraday decline of 9.63%, reflecting a sharp sell-off in the uranium mining sector.

The drop comes as investors reacted to a weaker-than-expected sales forecast from chipmaker Advanced Micro Devices, sparking renewed doubts about whether the growth of artificial intelligence will drive future demand for nuclear power. Concerns are mounting that softer AI demand could reduce the need for stable, affordable nuclear energy to power data centers.