A.I. jitters prompt fresh Wall Street tech sell-off

• AI-fueled sell-off on Wall Street, with enterprise software and private capital firms experiencing losses.
• A Citrine Research report predicted AI could lead to mass white-collar unemployment, declining consumer spending, and economic contraction.
• IBM's shares saw their steepest daily fall in 25 years, while American Express, DoorDash, Microsoft, and Mastercard also slipped.
• Moodys warned about US accounting loopholes potentially concealing billions in AI data center costs by tech giants.
• Nova Nordisk shares tumbled over 16% after its next-generation weight-loss drug did not match Eli Lilly's Zepbound in trial results.

Wall Street experienced another AI-fueled sell-off, with enterprise software and private capital firms leading losses. Concerns were raised about AI's potential to cause mass white-collar unemployment and economic contraction. Major tech and financial companies saw significant drops, while a report on weight-loss drug trials also impacted pharmaceutical stocks.