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Stock impact report

Software stocks are tanking the market again as AI and tariff uncertainty spook traders [Business Insider]

Applovin Corporation - Class A (APP) 
Have an account? Log in US stocks dropped on Monday as traders digested tariff news and as worries over AI ramped up. Trump announced a new 15% global tariff over the weekend, adding to trade policy uncertainty. Chatter about an AI bubble also picked up, extending the decline in software stocks. Fears of a software apocalypse are pummeling markets again to start the week. US stocks dropped on Monday as traders reacted to new tariff uncertainty , while software in particular was pummeled by renewed fears of AI disruption prompted by a downgrade of Salesforce stock and a note making the rounds that theorized the AI boom could ultimately lead to a white-collar recession and a stock crash Major indexes lost more than 1% as investors continued to digest recent trade policy changes, including President Donald Trump's announcement over the weekend that he would hike global tariffs to 15%. The announcement came a day after the Supreme Court knocked down most of his earlier tariff Show less Read more
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