A research report went viral over the weekend. The stock market was in free fall until Monday. Citrini Research published a 7,000-word hypothetical scenario in June 2028 that painted a dire portrait of AI disrupting white-collar jobs and sparking a financial crisis. The report raises fears: What if AI is so good for the economy that it’s actually bad for stocks?
The stocks named in the report are out of stock. Software firms Datadog, CrowdStrike, and Zscaler each sank more than 9%. IBM fell 13%, its worst one-day performance since 2000.
Trade policy uncertainty also contributed to the decline. Still, the market’s reaction to a thought experiment shows just how concerned Wall Street has become about AI disruption.
Read more
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A research report went viral over the weekend. The stock market was in free fall until Monday. Citrini Research published a 7,000-word hypothetical scenario in June 2028 that painted a dire portrait of AI disrupting white-collar jobs and sparking a financial crisis. The report raises fears: What if AI is so good for the economy that it’s actually bad for stocks?
The stocks named in the report are out of stock. Software firms Datadog, CrowdStrike, and Zscaler each sank more than 9%. IBM fell 13%, its worst one-day performance since 2000.
Trade policy uncertainty also contributed to the decline. Still, the market’s reaction to a thought experiment shows just how concerned Wall Street has become about AI disruption.
Read more
Sign up for Business Daily Newsletter to get the news and resources you need to know today to help you run your business better. Get it in your inbox.
