Stocks Hit by AI-Disruption Fears as IBM Tumbles | Closing Bell
February 23, 2026
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48:49Stocks Slump on AI, Tariff Jitters | Bloomberg Businessweek Daily 2/23/26
9:35Now PlayingStocks Hit by AI-Disruption Fears as IBM Tumbles | Closing Bell
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as posted by the channelComprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Stocks fell and bonds rose as renewed anxiety over the impact of artificial intelligence on company profits joined lingering tariff uncertainty in squelching risk appetites. Bitcoin dropped below $65,000. Gold rallied.
The S&P 500 slid 1%. Tech, delivery and payment shares got hit as Citrini Research laid out the potential AI risks to various industries. DoorDash Inc. and American Express Co. sank over 6.5%. An ETF focused on software firms lost 4.8%. International Business Machines Corp. tumbled 13% in its worst day since October 2000 as Anthropic said its Claude Code can help modernize COBOL, a programming language mainly run on IBM computers.
Rising anxiety over the impact of AI disruption is prompting traders to dump shares of any company seen at the slightest risk of being displaced. Those worries have also grown despite solid results from megacaps amid doubts over whether big investments in the technology will pay off soon.
Investors also parsed the implications of trade developments. After the Supreme Court’s decision Friday to nix President Donald Trump’s “reciprocal” tariffs, the White House announced plans to replace the prior levies with a new, across-the-board 15% tariff on US imports.
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