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

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.