The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

StocksHigh Impact•24 February 2026•

1 min read

Citrini’s 'AI Doom' Report Triggers Software Sell-off; IBM Suffers Historic 13% Plunge

Key Facts

1IBM recorded its largest single-day drop in 25 years, falling 13.1% to $223.35.

A research report titled 'AI Doom' by Citrini has sparked a significant sell-off across the software and payment sectors. The report raised alarms regarding the long-term sustainability and potential overvaluation of AI-driven technologies. IBM bore the brunt of the negative sentiment, recording its largest single-day drop in 25 years as its stock plummeted 13.1% to $223.35. The downward pressure extended to major payment processors including PayPal, Visa, and Mastercard, as well as broader software indices. Market analysts suggest this sharp correction highlights growing investor skepticism toward the prevailing AI narrative and its immediate profitability.