Software, Payments Shares Tumble After Citrini Post on AI Risks

Georgie McKay

Tue, February 24, 2026 at 1:23 AM GMT+9 2 min read

In this article:

•                                       StockStory Top Pick 
  

  DASH

  -6.74%

  AXP

  -7.76%

  MA

  -3.81%

  V

  -3.32%

 UBER  

 -4.45%  

(Bloomberg) – Delivery, payments, and software stocks slid sharply Monday after Citrini Research published a report laying out the potential risks that artificial intelligence could pose to various segments of the global economy.

DoorDash Inc., American Express Co. and Blackstone Inc all slumped more than 7%. Shares of other companies name-checked in the article, including Uber Technologies Inc., Mastercard Inc., Visa Inc, Capital One Financial Corp., Apollo Global Management Inc. and KKR & Co. Inc. were all lower by at least 3%.

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“The sole intent of this piece is modeling a scenario that’s been relatively underexplored,” a preface to the article, which was published Sunday, said. “Hopefully, reading this leaves you more prepared for potential left tail risks as AI makes the economy increasingly weird.”

Monday’s selloff is the latest in a string of AI-fueled routs that have rippled through US stocks for more than a month. Sectors from software, to wealth management and logistics have all been swept up in recent weeks as investors nervous about the potential disruptions from new AI tools have slipped into a “shoot first, ask questions later” mode.

While software companies have been among the hardest hit, insurance brokers, private credit firms, cybersecurity and even real estate services stocks have all been caught up in the so called “AI scare trade.”

Yet, analysts, strategists and investors have also warned that many of these reactions are exaggerated and are likely overestimating any AI-related risks at this point.

“It is a remarkable reaction,” said Michael O’Rourke, chief market strategist at Jonestrading. “I have seen this market exhibit incredible resilience in the face of actual negative news. Now a literal work of fiction sends it into a tailspin.”

–With assistance from Ryan Vlastelica.

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