AI-Induced Selloff Hits Software, Data, and Advertising Stocks Globally
A widespread selloff has occurred in software, data analytics, and advertising stocks globally, driven by fears over AI's disruptive impact. Major companies like Shopify, London Stock Exchange Group, Omnicom, and Publicis experienced significant stock price declines. Market sentiment reflects skepticism about incumbents' ability to defend their business models against emerging AI technologies, causing sharp drops in share prices and record losses in some cases.