Viral AI Risk Memo Triggers Significant Global Market Selloff

Global equity markets experienced a notable selloff following the viral spread of a research memo from Citrini Research highlighting significant AI-related risks. The report is widely viewed as the primary catalyst for the recent liquidation in major technology stocks and broader indices like the QQQ and SPY. Investor sentiment shifted toward caution as the memo raised concerns regarding the sustainability of the AI-driven market rally and potential overvaluations. High-growth tech giants, including NVDA and MSFT, faced significant downward pressure as traders reduced their exposure to the sector. The widespread circulation of the memo underscores the market's heightened sensitivity to potential headwinds in the artificial intelligence space. Consequently, benchmark ETFs recorded losses, reflecting a broader retreat from risk assets amid growing skepticism.