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7000-Word 'Doomsday Report' Triggers AI Panic, Dow Plunges 800 Points, Software and Private Credit Sectors Hit Hard

2026-02-24 02:31

BlockBeats News, February 24th, a 7000-word hypothetical report presented in the form of a "June 2028 Scenario" published by research firm Citrini Research is circulating wildly on Wall Street, triggering deep-seated fears in the market about the impact of artificial intelligence on white-collar employment and the credit system. The report introduces the concept of a "global cognitive crisis," warning that AI may trigger a "race to the bottom" for knowledge-based positions, disrupting the industry and credit chain built around white-collar productivity.


As a result, the US stock market experienced a sharp decline on Monday, with the Dow Jones Industrial Average falling 822 points (-1.7%), the S&P 500 Index dropping 1%, and the Nasdaq Composite Index declining 1.1%. The software sector suffered heavy losses, with Datadog, CrowdStrike, and Zscaler all dropping by over 9%, IBM plunging 13%, marking its worst single-day performance since 2000. Companies mentioned in the report, such as American Express, KKR, and Blackstone, also experienced significant declines.


The private credit and banking sectors faced simultaneous pressure, with Blue Owl falling 3.4% and Apollo Global Management dropping 5.6%. UBS analysis pointed out that the real risk lies in the "speed of disruption" rather than its inevitability, whether the impact intensifies within 12 months or breaches contract protection clauses.


Defensive assets strengthened, with the 10-year US Treasury yield dropping to 4.026%, reaching a new low since late November last year; gold rose by 2.9% to $5204.70 per ounce, and silver rose by 5.2% to $86.52 per ounce.


Market participants believe that given the high concentration of technology stocks and the high sensitivity to the prospects of AI, the significant emotional amplification effect is notable. Some institutions have cautioned investors against overreacting to a single scenario analysis. However, the ongoing reevaluation of business models and asset rotation trends triggered by AI are still continuing.

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