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-0.00356213728236948 -0.00404242545527324 4.00240144086088E-05 -0.00448268961376828 0.00200120072043226 -0.0256553932359417 -0.0336601961176707 -0.0160496297778668
Stock impact report

'I can do it in math': Wall Street's private credit giants try to calm AI fears amid steep software sell-off [Yahoo! Finance Canada]

Ares Management Corporation Class A (ARES) 
Last ares management corporation class a earnings: 2/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
An aggressive stock market sell-off focused on investors' fears that AI will disrupt the software industry has spread to some of Wall Street's biggest money management firms. And their executives have seen enough. "For those who have got to pause and think, there's not just a matter of technology, there's the adoption of behavior. And for those on the call that are thinking Fortune 500 companies are going to take all their software and just rip it out and just say, 'I'll just ask ChatGPT,' that's simply not the way it works. Don't take my word for it again. We're not technologists. Take Jensen Huang's words for it," Blue Owl ( OWL ) co-CEO Marc Lipschultz said on the company's fourth quarter earnings call Thursday morning. Blue Owl stock fell about 4% on Thursday following the company's quarterly results , which reported $300 billion in assets under management for the first time, bringing its losses over the past month to nearly 30%. "In order for us to have material losses, I Show less Read more
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