Software and payment sector stocks decline, prior to Citrini publishing an article on artificial intelligence risks.
DoorDash and American Express led the decline in software and payment stocks on Monday, with Citrini Research previously detailing hypothetical scenarios in which artificial intelligence could impact the market and the global economy. The article stated, "The sole purpose of this article is to simulate a relatively under-researched scenario." Among the software-related companies mentioned in the article, those that saw a decline in stock prices on Monday included: DoorDash, down 6.3%; Uber, down 3.8%; Salesforce, down 5.3%; ServiceNow, down 4.3%. Other stocks mentioned that saw a decline included: Mastercard, down 3.65%; Visa, down 3.0%; American Express, down 7.5%; First Capital Financial, down 6.4%; Apollo Global Management, down 5.0%; Blackstone Group, down 7.4%; KKR, down 7.5%.
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