Friday the 13th brings global selloff in stocks and gold as AI fear grips markets [Fortune]
Algorhythm Holdings, Inc. (RIME)
Company Research
Source: Fortune
The market is now in negative territory for the year. Tech stocks led the decline yesterday, with the Nasdaq Composite down 2%. The S&P 500's software sector is down 27% since October, according to the Financial Times , which gives you an idea of how worried investors are that AI will simply replace software makers. Gold—which is supposed to be a safe haven—took a sharp dip yesterday, an indicator that traders just want their cash out of assets generally. It's back under $5,000 per troy ounce. Asia had a tough day—Japan's Nikkei 225 was down 1.21% and China's CSI 300 was down 1.25% at the close this morning. But markets in the U.K. and Europe were flat-to-up, suggesting sellers may be taking a breather today. Recommended Video A karoake machine maker wipes billions off trucking stocks It's not just tech stocks that are in the crosshairs. Losses were imposed on non-tech companies too, as investors became paranoid about how much damage AI might inflict upon sectors like trucki
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- Algorhythm Holdings Strengthens Balance Sheet with $9.5 Million Capital Infusion, Fully Capitalized for 2026 Growth PlanGlobeNewswire
- Market Outlook: AI scare trade fuels volatility as investors turn defensive [BNN Bloomberg (Canada)]BNN Bloomberg
- C.H. Robinson is the disruptor, 'not the disrupted': CEO [Yahoo! Finance Canada]Yahoo! Finance Canada
- Algorhythm Holdings, Inc. [CNN]CNN
RIME
Sec Filings
- 2/23/26 - Form 8-K
- 2/17/26 - Form SCHEDULE
- 1/23/26 - Form 8-K
- RIME's page on the SEC website