The AI doomsday report that shook Wall Street – and why its critics have a point

The AI doomsday report that shook Wall Street – and why its critics have a point

The Straits Times - Sports·2026-03-11 09:00

A blog post. That’s all it took to send software stocks into a tailspin, wiping out about US$200 billion (S$254 billion) in market value almost overnight. IBM lost 13 per cent in one day, the biggest drop in 25 years. Scores of other blue-chip stocks followed it down.

On Feb 22, an obscure company called

Citrini Research put out a blog on Substack

……

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