The AI Scare Trade
CURRENT Metabolised 1 appearances over 0 days
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Appearances
2026-02-22 CURRENT
On February 18, the fintech firm Altruist launched "Hazel" — an autonomous AI platform generating complex tax and estate strategies without human intervention. Markets rotated violently: Charles Schwab down 7%, LPL Financial down 8%, St. James's Place cratered 20% in London. Capital moved into "AI-defensible" companies — those owning proprietary data or building the tools AI runs on. Cadence Design Systems surged 9% on an agentic AI chip-design platform claiming 10x productivity gains. The gaze ...