The The moves in Asia came after the S&P 500 Index slid 1%, with tech, delivery and payment shares hit as Citrini Research laid out the potential Amid lingering uncertainty over President Donald Trump’s tariffs, concerns about AI-driven disruption are prompting traders to dump shares of any company seen at the slightest risk of being displaced. Those worries have also grown despite solid results from megacaps amid doubts over whether big investments in the technology will pay off soon.“The software selloff ...

Core Viewpoint - IBM's stock price plummeted 13.2% to $223.35 per share, marking its worst day since 2000, following an update from Anthropic about its AI tool Claude Code, which threatens IBM's mainframe business [1][2][4] Group 1: Impact of AI on IBM - Anthropic's Claude Code can modernize Cobol, a programming language heavily used in IBM's mainframe systems, automating complex tasks that were previously labor-intensive [1][3] - The update from Anthropic highlights that AI can streamline Cobol modernization, which has historically been cost-prohibitive due to the need for extensive human analysis [3][4] - IBM's reliance on mainframe systems, which are critical for industries like finance and government, poses significant risks as AI tools disrupt traditional business models [5][7] Group 2: Market Reaction and Trends - IBM shares have declined 27% in February, indicating the company's largest one-month drop since at least 1968, driven by fears of AI disruption in the tech sector [2][6] - The broader software market is experiencing a downturn as investors grow wary of tech stocks amid concerns that AI will disrupt established business practices [6][7]

美东时间周一，美股三大指数收盘均跌超1%。截至收盘，标普500指数跌1.04%，报6837.75点；纳斯达克综合指数跌1.13%，报22627.27点；道琼斯工业平 均指数跌1.66%，报48880.40点。 人工智能初创公司Anthropic最新发声撼动市场，IBM股价创下逾25年来最差单日表现，收盘暴跌13.15%。 北京时间周一早盘时段，金价一度强势上涨，最高触及5249.97美元/盎司，在盘中跳水后震荡拉升，截至发稿报5238.06美元/盎司。 | 黄金/美元 | | | | | | | --- | --- | --- | --- | --- | --- | | ri Q | < V | XAU | | | | | 5238.06 今开 5232.07 最高 5249.97 最低 5218.33 | | | | | | | 日譜 | -- 特仓 | 0.20% 10.31 芯于 | | | | | 结算 | 重零 | -- 昨结 5227.75 | | | | | 周Ｋ | 分时 | 月K | 更多, ◎ | 五日 | 日K | | 5249.97 | 0.43% 卖1 5238.44 | 0 | | ...

The ongoing tech sell-off in the United States, ironically driven by the larger AI thematic itself, continues to define February CY26 thematics, and again overnight we saw International Business Machines, or IBM, drop a record amount – the steepest it’s ever dropped in one session.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.I have already written earlier this month the tech trade is under pressure fr ...

The artificial intelligence “scare trade” erupted again on Monday as growing concerns about the disruptive power of AI dragged down shares of delivery, payments and software companies, and sent International Business Machines Corp. to its worst plunge in 25 years.It began after a bearish report was published over the weekend by a little known firm called Citrini Research.The report, released on social media Sunday, outlined the potential risks to various segments of the global economy, using hypothetical sc ...

Market Overview - Wall Street stocks experienced a significant decline, with all three major U.S. stock indexes falling more than 1% due to fears surrounding artificial intelligence disruption and the fallout from a recent U.S. Supreme Court ruling [1] - Financial stocks dropped by 3.3%, while software-related firms saw a decline of 4.3% amid ongoing concerns about AI-related disruptions [2] Supreme Court Ruling Impact - The U.S. Supreme Court ruled 6-3 that former President Trump overstepped his authority by enacting tariffs under an economic emergency law, which has led to increased market volatility and uncertainty regarding trade policies [4] - Trump's response included a threat of a 15% temporary tariff on all imports, despite existing trade agreements with several U.S. partners [4] Investor Sentiment - Investor sentiment is characterized by a "sell first, assess later" approach, reflecting concerns about the costs and potential disruptions caused by AI technology [4] - The combination of geopolitical tensions, tariff uncertainties, and AI displacement is prompting a broad reassessment of risk among investors [6] Earnings Season Insights - The fourth-quarter earnings season is nearing completion, with 73% of companies that have reported beating expectations, leading to an aggregate year-on-year S&P 500 earnings growth forecast of 13.9%, up from an earlier forecast of 8.9% [9] - Notable companies expected to report earnings include Nvidia, Home Depot, Lowe's, Salesforce, and Universal Health Services [8] Sector Performance - Among the 11 major sectors of the S&P 500, financials suffered the largest percentage decline, while consumer staples showed resilience [10] - The healthcare index advanced by 1.2%, driven by a 4.9% gain in Eli Lilly following positive performance compared to a rival's obesity drug [10] Stock Movements - Domino's Pizza shares rose by 4.1% after reporting better-than-expected fourth-quarter same-store sales [10] - PayPal's stock jumped by 5.8% amid reports of takeover interest [11]

A broad selloff sent all three major U.S. stock indexes more than 1% lower by the closing bell, as risk appetite was dampened by a combination of persistent fears over potential disruption due to Financial stocks were off 3.3%, while software-related firms slid 4.3% amid ongoing "The question about AI is twofold: How much is it going to cost, and who all is going to be disrupted?" said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management in Minneapolis. "You've seen the market react ...

Market Overview - The U.S. markets experienced a mixed day, with a focus on the U.S. 2-year yield rising by four basis points following a Supreme Court ruling that raised questions about inflation and interest rates [2][6] - Gold prices increased as investors reacted to the risk-off sentiment in the market, while tech stocks, particularly in the software sector, saw declines of approximately 1.5% [2][4] Technology Sector - The software sector is facing significant pressure, with fears that AI tools may replace traditional software suites, leading to a 30% decline in an index of stocks including Salesforce and Adobe since their record highs [4][70] - Companies like IBM have seen substantial stock declines, with IBM down over 13% amid concerns about AI disruption [70][77] Payment and Delivery Services - PayPal's stock rose nearly 5% due to takeover interest, contrasting with the broader tech sector's struggles [3] - Delivery service companies such as DoorDash and Uber are facing challenges as hypothetical scenarios suggest that AI could disrupt their business models, contributing to stock declines [5][71] Tariff and Trade Implications - The Supreme Court ruling on tariffs has created uncertainty, particularly for major importers like Home Depot and TJX, as the market grapples with the implications of potential tariff changes [6][80] - The Attorney General of Nevada indicated that states are considering actions to recover tariffs collected, which could amount to hundreds of billions of dollars [22][23] Economic Indicators - The current economic environment shows signs of growth, with global growth rates around 2.5% and 3% including emerging markets, while inflation is gradually decreasing [10][17] - The bond market is experiencing a steepening yield curve, driven by long-term inflationary concerns and an excess supply of government debt [12][14] Trucking and Transportation Sector - The trucking industry is witnessing structural changes, with a significant reduction in driver availability leading to higher rates and potential long-term impacts on capacity [57][68] - Demand for transportation services is still down year-over-year, but there are positive indicators such as increased trade volumes and a projected recovery in the second half of the year [59][63]

今年以来，IBM市值累计蒸发近500亿美元。 IBM也成为最近因AI颠覆担忧而下跌的个股。近几周此类担忧已令投资者不安，并催生了 "先抛售、再 提问"的波动交易环境。上周五，在Anthropic公布Claude Code新增的代码安全扫描功能后，多家网络安 全公司股价大跌，该板块在周一交易中仍承压。CrowdStrike、Datadog和Zscaler 跌幅达到两位数。 IBM股价较本月早些时候触及的高点已下跌近30%，势创1992年以来最大单月百分比跌幅。 事实上，IBM也在推出watsonx等AI工具来实现COBOL代码现代化，但关键在于，它希望改造后的代码 仍运行在自己的软硬件体系上。IBM首席财务官詹姆斯・卡瓦诺在最新财报后表示："我们Z系列大型机 的装机优势，为集团整体带来了极具吸引力的3到4倍的产品乘数效应，驱动增长飞轮。"因此，吸引并 留住客户使用IBM大型机，是该公司带动其他软件与服务收入增长的核心方式。 如今大量交易系统仍在依靠COBOL运行，包括支付处理和零售交易系统，这使其成为具备成本优势的 AI技术的重点颠覆目标。 据估算，COBOL处理着美国95%的ATM交易。"每天有数千亿行COB ...

Among the 11 major sectors of the S&P 500, financials were down the most, while consumer staples enjoyed the largest percentage gain. The healthcare index advanced, with a boost from Eli Lilly after rival Novo Nordisk's obesity drug CagriSema underperformed Eli Lilly's drug Zepbound in a head-to-head trial. Among other movers, Domino's Pizza surged after the fast-food chain's fourth-quarter same-store sales beat Wall Street estimates. PayPal jumped following a Bloomberg report that the payments firm is att ...