Stocks in the AI Crosshairs: A Wall Street Shake‑Up

Wall Street is feeling the tremor of artificial intelligence. Companies that could be affected by AI’s rise are seeing their shares drop sharply, from small software outfits to large wealth‑management firms. On a recent trading day, European asset managers St James’s Place Plc and AJ Bell Plc fell 11 % and 5. 4 %, respectively. French software giant Dassault Systemes slid a staggering 22 % after analysts at JPMorgan Chase & Co.warned that its earnings were “worse than even the most negative had feared. ” The market fears that AI competition could erode Dassault’s market share. This sell‑off reflects a broader anxiety that firms not fully prepared for AI might lose ground to newer, tech‑driven competitors. Investors are now scrutinizing whether these companies can adapt quickly enough to survive in an AI‑dominated future.