{"id":82528,"date":"2026-02-09T16:31:21","date_gmt":"2026-02-09T19:31:21","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/890793919"},"modified":"2026-02-09T16:31:21","modified_gmt":"2026-02-09T19:31:21","slug":"clouds-gathering-over-wall-street-as-ai-disrupts-the-tech-boom","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/09\/clouds-gathering-over-wall-street-as-ai-disrupts-the-tech-boom\/","title":{"rendered":"Clouds gathering over Wall Street as AI disrupts the tech boom"},"content":{"rendered":"<div class=\"Article_layout__1pl0i\">\n<div class=\"ArticleHeadline_container__cAj5Q Article_head__D5qU4\" data-component=\"ArticleHeadline\">\n<div class=\"Article_headContent__PNoau\">\n<div>\n<div class=\"NewsContentLabels_labels__DoXtv\"><\/div>\n<\/div>\n<div class=\"ArticleHeadlineTitle_container__f00HU Article_headTitle__EIGwR\" data-chartbeat-authors=\"[]\">\n<h1 class=\"Typography_base__sj2RP ArticleHeadlineTitle_title__A2dkr Typography_sizeMobile24__GzKLB Typography_sizeDesktop32__LR_G6 Typography_lineHeightDesktop40__BuoRf Typography_bold__FqafP Typography_serif__qU2V5 Typography_colourInherit__dfnUx Typography_normalise__u5o1s\" data-component=\"Typography\">How AI is disrupting the tech boom on global markets <\/h1>\n<p><span class=\"ArticleHeadlineTitleByline_byline__L2QD7\"><span class=\"Typography_base__sj2RP Byline_byline__1LJC2 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile24__crkfh Typography_regular__WeIG6 Typography_colourInherit__dfnUx Typography_letterSpacedNone__rZ0yQ\" data-component=\"Byline\"><span class=\"Typography_base__sj2RP Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx Typography_letterSpacedSm__V8kil\" data-component=\"Text\"><\/p>\n<div><span>By chief business correspondent <a class=\"Link_link__5eL5m ScreenReaderOnly_srLinkHint__OysWz Link_showVisited__C1Fea Link_showFocus__ALyv2\" href=\"https:\/\/www.abc.net.au\/news\/ian-verrender\/5261264\" data-component=\"ContentLink\" data-uri=\"coremedia:\/\/person\/5261264\">Ian Verrender<\/a><\/span><\/div>\n<p><\/span><\/span><\/span><\/p>\n<ul class=\"CardTagList_tags__dheC7 scrollbar_scrollbarThemed__kGZnS\">\n<li><span class=\"Tag_container__7_5W6 CardTag_container__uoMZ7\"><a data-component=\"SubjectTag\" href=\"https:\/\/www.abc.net.au\/news\/topic\/information-technology-industry\" class=\"Tag_link__PE2t9 Tag_tag__TMEI2 CardTag_tag__2hWFV ArticleHeadlineTitle_tag__E9UOl CardTag_pill__w_eEQ\">\n<p class=\"Typography_base__sj2RP CardTag_text__99Z73 Typography_typography__clrwy Typography_bold__FqafP Typography_colourInherit__dfnUx\" data-component=\"Typography\" style=\"--mobileFontSize:0.875rem;--mobileLineHeight:1.25;--laptopSmFontSize:0.875rem\"><span class=\"ScreenReaderOnly_srOnly__bnJwm\" data-component=\"ScreenReaderOnly\">Topic:<\/span>Information Technology Industry<\/p>\n<p><\/a><\/span><\/li>\n<\/ul>\n<div class=\"ArticleHeadlineTitle_meta__eYg46\"><time class=\"Typography_base__sj2RP ArticleHeadlineTitle_metaTimestamp__Ri6e7 DynamicTimestamp_displayDate__Y3t35 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx Typography_letterSpacedSm__V8kil\" data-component=\"Timestamp\" aria-hidden=\"true\" datetime=\"2026-02-09T19:22:02.000Z\"><span>1h ago<\/span><\/time><time class=\"ScreenReaderOnly_srOnly__bnJwm\" data-component=\"ScreenReaderOnly\" datetime=\"2026-02-09T19:22:02.000Z\">1 hours ago<\/time><time class=\"Typography_base__sj2RP ArticleHeadlineTitle_metaTimestamp__Ri6e7 DynamicTimestamp_printDate__OVPa2 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx Typography_letterSpacedSm__V8kil\" data-component=\"Text\"><span>Mon 9 Feb 2026 at 7:22pm<\/span><\/time><\/div>\n<\/div>\n<\/div>\n<div class>\n<figure class=\"ContentAlignment_marginBottom__4H_6E ContentAlignment_overflowAuto__c1_IL Figure_figure__xLyBy Figure_docImage__DSvk4\" data-print=\"inline-media\" data-component=\"Figure\" id=\"106324206\" data-uri=\"coremedia:\/\/imageproxy\/106324206\">\n<div class=\"Figure_content__8xRH4\">\n<div class=\"FigureContent_content__GnImC\">\n<div class=\"ContentImage_ratio__0yYeG\">\n<div class=\"AspectRatio_container__FC_XH\" style=\"--aspect-ratio:1.7777777777777777\" data-component=\"AspectRatioContainer\"><img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/c5c5fdf7e827440df4980efe95d3bd4d?impolicy=wcms_crop_resize&cropH=2810&cropW=4995&xPos=0&yPos=0&width=862&height=485&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/c5c5fdf7e827440df4980efe95d3bd4d?impolicy=wcms_crop_resize&cropH=2810&cropW=4995&xPos=0&yPos=0&width=862&height=485&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/c5c5fdf7e827440df4980efe95d3bd4d?impolicy=wcms_crop_resize&cropH=2810&cropW=4995&xPos=0&yPos=0&width=862&height=485&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/c5c5fdf7e827440df4980efe95d3bd4d?impolicy=wcms_crop_resize&cropH=2810&cropW=4995&xPos=0&yPos=0&width=862&height=485&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/c5c5fdf7e827440df4980efe95d3bd4d?impolicy=wcms_crop_resize&cropH=2810&cropW=4995&xPos=0&yPos=0&width=862&height=485&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/c5c5fdf7e827440df4980efe95d3bd4d?impolicy=wcms_crop_resize&cropH=2810&cropW=4995&xPos=0&yPos=0&width=862&height=485&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/c5c5fdf7e827440df4980efe95d3bd4d?impolicy=wcms_crop_resize&cropH=2810&cropW=4995&xPos=0&yPos=0&width=862&height=485&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/c5c5fdf7e827440df4980efe95d3bd4d?impolicy=wcms_crop_resize&cropH=2810&cropW=4995&xPos=0&yPos=0&width=862&height=485&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/c5c5fdf7e827440df4980efe95d3bd4d?impolicy=wcms_crop_resize&cropH=2810&cropW=4995&xPos=0&yPos=0&width=862&height=485&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/c5c5fdf7e827440df4980efe95d3bd4d?impolicy=wcms_crop_resize&cropH=2810&cropW=4995&xPos=0&yPos=0&width=862&height=485&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/c5c5fdf7e827440df4980efe95d3bd4d?impolicy=wcms_crop_resize&cropH=2810&cropW=4995&xPos=0&yPos=0&width=862&height=485&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Phone screen with a collection of AI apps on it, including Claude and ChatGPT.\" class=\"Image_image__5tFYM ContentImage_image__DQ_cq\" fifu-data-src=\"https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/c5c5fdf7e827440df4980efe95d3bd4d?impolicy=wcms_crop_resize&cropH=2810&cropW=4995&xPos=0&yPos=0&width=862&height=485&ssl=1\" loading=\"lazy\" data-component=\"Image\" data-lazy=\"true\"><\/div>\n<\/div>\n<\/div><figcaption class=\"Figure_caption__fS2lN\" data-component=\"Figure__figcaption\">\n<p class=\"Typography_base__sj2RP FigureCaption_text__zDxQ5 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx\" data-component=\"Typography\">AI opens the door to competition for the tech giants \u2014 and the programs can be used by ordinary people.<!-- --> <cite>(<span><a class=\"Link_link__5eL5m ScreenReaderOnly_srLinkHint__OysWz Link_showVisited__C1Fea Link_showFocus__ALyv2 Link_underlineOnHover__Wg_BQ\" href=\"https:\/\/unsplash.com\/\" data-component=\"Link\">Unsplash<\/a>: <a class=\"Link_link__5eL5m ScreenReaderOnly_srLinkHint__OysWz Link_showVisited__C1Fea Link_showFocus__ALyv2 Link_underlineOnHover__Wg_BQ\" href=\"https:\/\/unsplash.com\/@solenfeyissa\" data-component=\"Link\">Solen Feyissa<\/a>; <a class=\"Link_link__5eL5m ScreenReaderOnly_srLinkHint__OysWz Link_showVisited__C1Fea Link_showFocus__ALyv2 Link_underlineOnHover__Wg_BQ\" href=\"https:\/\/unsplash.com\/license\" data-component=\"Link\">license<\/a><\/span>)<\/cite><\/p>\n<\/figcaption><\/div>\n<\/figure>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"Article_layout__1pl0i\">\n<div class=\"ArticleWeb_article__jRLK1 Article_main__wLtNk Article_hasSidebars__HFpa0\">\n<div class=\"engagement_target__kiIVK ArticleRender_article__RdZk2\">\n<p class=\"paragraph_paragraph__iYReA\">Talk about unfortunate timing.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Last week, US tech giant Microsoft released a list of jobs likely to be swept aside in the upcoming artificial intelligence storm along with a corresponding list of occupations deemed relatively resilient to the impending onslaught.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">While it makes for depressing reading, <a class=\"Link_link__5eL5m ScreenReaderOnly_srLinkHint__OysWz Link_showVisited__C1Fea Link_showFocus__ALyv2\" href=\"https:\/\/fortune.com\/article\/what-are-the-jobs-most-exposed-to-ai-microsoft-research\/\" data-component=\"Link\">the list is notable<\/a> for at least one stark omission.&nbsp;<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Despite mass sackings last year, software developers and coding specialists are surprisingly absent, although they&#8217;re certainly not in the column for those likely to be spared, which includes professions such as dredge operators, pile driver operators, and bridge tenders.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">The past few weeks have seen a stark reassessment of AI&#8217;s impact on the very sector that created it and, in particular, on companies that specialise in software.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Microsoft shares have tanked, off more than 16 per cent, despite reporting relatively strong earnings, and the entire US technology sector \u2014 which has driven Wall Street and global stock markets for the past three years \u2014 is suddenly lagging the field.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">In a world increasingly concerned about bloated stock market valuations, investors have now begun to question whether they&#8217;ll ever see a return on the stupendous amount of cash that&#8217;s being thrown at AI.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">The uncertainty has led to a series of violent swings on Wall Street and has even infected markets such as Australia, which has only modest exposure to technology, as well as precious metals like gold and silver.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Thursday&#8217;s plunge was suddenly reversed on Friday, which was repeated here yesterday.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">It&#8217;s also spilled over into Bitcoin, which, apart from facing its own long-term reckoning from the threat of quantum computing, is rapidly degenerating into nothing more than a gambling instrument.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Bitcoin has halved in value from its October peak, capped last week by a series of wild, largely inexplicable price gyrations that have smashed any notion that it can be relied upon as a store of wealth.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">The result is a heady mix of extreme volatility on multiple fronts, a worrying trend that could trigger a reassessment of risk and a sizeable stock market correction.<\/p>\n<h2 class=\"Typography_base__sj2RP Heading_heading__VGa5B future_heading__Gcudw Heading_default__Z3p_p Typography_sizeMobile20__NUDn4 Typography_sizeDesktop32__LR_G6 Typography_lineHeightMobile24__crkfh Typography_lineHeightDesktop40__BuoRf Typography_marginBottomMobileSmall__6wx7m Typography_marginBottomDesktopSmall__CboX4 Typography_bold__FqafP Typography_colourInherit__dfnUx Typography_normalise__u5o1s\" data-component=\"Heading\">Software as a sinkhole<\/h2>\n<p class=\"paragraph_paragraph__iYReA\">Almost everyone blames Claude.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">In the past few weeks, the AI platform known as Claude and owned by Anthropic has sent real intelligence into a spin.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Amongst investors, the penny has finally dropped about just what the future may hold. And many are backing off or at least rethinking their strategy.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">AI may revolutionise the way we live and work. But it could very well lay waste to business empires that themselves only recently overthrew the old analogue world order.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Software, the products that have created vast business empires in the past four decades and employed legions of code-writing geeks, can now be written in an instant by AI.<\/p>\n<figure class=\"ContentAlignment_marginBottom__4H_6E ContentAlignment_overflowAuto__c1_IL ContentAlignment_outdentDesktop__ijbiK Figure_figure__xLyBy Figure_docImage__DSvk4\" data-print=\"inline-media\" data-component=\"Figure\" id=\"106324146\" data-uri=\"coremedia:\/\/imageproxy\/106324146\">\n<div class=\"Figure_content__8xRH4\">\n<div class=\"FigureContent_content__GnImC\">\n<div class=\"ContentImage_ratio__0yYeG\">\n<div class=\"AspectRatio_container__FC_XH\" style=\"--aspect-ratio:1.5\" data-component=\"AspectRatioContainer\"><img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/a4ffeb91ae3552183664811335e93b92?impolicy=wcms_crop_resize&cropH=2872&cropW=4307&xPos=210&yPos=11&width=862&height=575&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/a4ffeb91ae3552183664811335e93b92?impolicy=wcms_crop_resize&cropH=2872&cropW=4307&xPos=210&yPos=11&width=862&height=575&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/a4ffeb91ae3552183664811335e93b92?impolicy=wcms_crop_resize&cropH=2872&cropW=4307&xPos=210&yPos=11&width=862&height=575&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/a4ffeb91ae3552183664811335e93b92?impolicy=wcms_crop_resize&cropH=2872&cropW=4307&xPos=210&yPos=11&width=862&height=575&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/a4ffeb91ae3552183664811335e93b92?impolicy=wcms_crop_resize&cropH=2872&cropW=4307&xPos=210&yPos=11&width=862&height=575&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/a4ffeb91ae3552183664811335e93b92?impolicy=wcms_crop_resize&cropH=2872&cropW=4307&xPos=210&yPos=11&width=862&height=575&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/a4ffeb91ae3552183664811335e93b92?impolicy=wcms_crop_resize&cropH=2872&cropW=4307&xPos=210&yPos=11&width=862&height=575&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/a4ffeb91ae3552183664811335e93b92?impolicy=wcms_crop_resize&cropH=2872&cropW=4307&xPos=210&yPos=11&width=862&height=575&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/a4ffeb91ae3552183664811335e93b92?impolicy=wcms_crop_resize&cropH=2872&cropW=4307&xPos=210&yPos=11&width=862&height=575&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/a4ffeb91ae3552183664811335e93b92?impolicy=wcms_crop_resize&cropH=2872&cropW=4307&xPos=210&yPos=11&width=862&height=575&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/a4ffeb91ae3552183664811335e93b92?impolicy=wcms_crop_resize&cropH=2872&cropW=4307&xPos=210&yPos=11&width=862&height=575&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"An Amazon logo on the side of a large warehouse building.\" class=\"Image_image__5tFYM ContentImage_image__DQ_cq\" fifu-data-src=\"https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/a4ffeb91ae3552183664811335e93b92?impolicy=wcms_crop_resize&cropH=2872&cropW=4307&xPos=210&yPos=11&width=862&height=575&ssl=1\" loading=\"lazy\" data-component=\"Image\" data-lazy=\"true\"><\/div>\n<\/div>\n<\/div><figcaption class=\"Figure_caption__fS2lN\" data-component=\"Figure__figcaption\">\n<p class=\"Typography_base__sj2RP FigureCaption_text__zDxQ5 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx\" data-component=\"Typography\">Tech giant Amazon has announced another 16,000 lay-offs.<!-- --> <cite>(<span>Reuters: Damien Eagers<\/span>)<\/cite><\/p>\n<\/figcaption><\/div>\n<\/figure>\n<p class=\"paragraph_paragraph__iYReA\">The implications are huge. Not only does AI open the door to competition, undermining the tech giants&#8217; margins, the very same AI programs can now be utilised by ordinary people, with the potential to threaten their existence.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Atlassian has already begun to feel the heat. A year ago, its shares were changing hands at $US322 apiece. They&#8217;re now below $US95, a drop of more than 70 per cent. Founder Mike Cannon-Brookes has reportedly seen his fortune shrink by $19 billion as a result.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Amazon announced another 16,000 layoffs last week, following the 14,000 it shed last year, while Microsoft laid off 15,000 workers last year.<\/p>\n<figure class=\"ContentAlignment_marginBottom__4H_6E ContentAlignment_overflowAuto__c1_IL ContentAlignment_outdentDesktop__ijbiK Figure_figure__xLyBy Figure_docImage__DSvk4\" data-print=\"inline-media\" data-component=\"Figure\" id=\"106324132\" data-uri=\"coremedia:\/\/imageproxy\/106324132\">\n<div class=\"Figure_content__8xRH4\">\n<div class=\"FigureContent_content__GnImC\">\n<div class=\"ContentImage_ratio__0yYeG\">\n<div class=\"AspectRatio_container__FC_XH\" style=\"--aspect-ratio:1.5\" data-component=\"AspectRatioContainer\"><img data-opt-id=758893364  decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/4fbfd0affe3a5e8d42c1cff45f760fc6?impolicy=wcms_crop_resize&cropH=3333&cropW=5000&xPos=0&yPos=0&width=862&height=575&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/4fbfd0affe3a5e8d42c1cff45f760fc6?impolicy=wcms_crop_resize&cropH=3333&cropW=5000&xPos=0&yPos=0&width=862&height=575&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/4fbfd0affe3a5e8d42c1cff45f760fc6?impolicy=wcms_crop_resize&cropH=3333&cropW=5000&xPos=0&yPos=0&width=862&height=575&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/4fbfd0affe3a5e8d42c1cff45f760fc6?impolicy=wcms_crop_resize&cropH=3333&cropW=5000&xPos=0&yPos=0&width=862&height=575&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/4fbfd0affe3a5e8d42c1cff45f760fc6?impolicy=wcms_crop_resize&cropH=3333&cropW=5000&xPos=0&yPos=0&width=862&height=575&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/4fbfd0affe3a5e8d42c1cff45f760fc6?impolicy=wcms_crop_resize&cropH=3333&cropW=5000&xPos=0&yPos=0&width=862&height=575&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/4fbfd0affe3a5e8d42c1cff45f760fc6?impolicy=wcms_crop_resize&cropH=3333&cropW=5000&xPos=0&yPos=0&width=862&height=575&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/4fbfd0affe3a5e8d42c1cff45f760fc6?impolicy=wcms_crop_resize&cropH=3333&cropW=5000&xPos=0&yPos=0&width=862&height=575&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/4fbfd0affe3a5e8d42c1cff45f760fc6?impolicy=wcms_crop_resize&cropH=3333&cropW=5000&xPos=0&yPos=0&width=862&height=575&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/4fbfd0affe3a5e8d42c1cff45f760fc6?impolicy=wcms_crop_resize&cropH=3333&cropW=5000&xPos=0&yPos=0&width=862&height=575&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/4fbfd0affe3a5e8d42c1cff45f760fc6?impolicy=wcms_crop_resize&cropH=3333&cropW=5000&xPos=0&yPos=0&width=862&height=575&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"A man wearing a baseball cap and talking into a microphone\" class=\"Image_image__5tFYM ContentImage_image__DQ_cq\" fifu-data-src=\"https:\/\/i1.wp.com\/live-production.wcms.abc-cdn.net.au\/4fbfd0affe3a5e8d42c1cff45f760fc6?impolicy=wcms_crop_resize&cropH=3333&cropW=5000&xPos=0&yPos=0&width=862&height=575&ssl=1\" loading=\"lazy\" data-component=\"Image\" data-lazy=\"true\"><\/div>\n<\/div>\n<\/div><figcaption class=\"Figure_caption__fS2lN\" data-component=\"Figure__figcaption\">\n<p class=\"Typography_base__sj2RP FigureCaption_text__zDxQ5 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx\" data-component=\"Typography\">Atlassian founder Mike Cannon-Brookes has reportedly seen his fortune shrink by $19 billion.<!-- --> <cite>(<span>AAP:&nbsp;Bianca De Marchi<\/span>)<\/cite><\/p>\n<\/figcaption><\/div>\n<\/figure>\n<p class=\"paragraph_paragraph__iYReA\">But if investors are concerned, the message has yet to flow through to the tech giants&#8217; boardrooms, where there has been no sign of any let-up in the race towards AI domination.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Having already thrown so much down on its development, they are doubling down with pledges so far to spend upwards of another $US650 billion this year.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">One or two may emerge victorious. Several could crumble.<\/p>\n<h2 class=\"Typography_base__sj2RP Heading_heading__VGa5B future_heading__Gcudw Heading_default__Z3p_p Typography_sizeMobile20__NUDn4 Typography_sizeDesktop32__LR_G6 Typography_lineHeightMobile24__crkfh Typography_lineHeightDesktop40__BuoRf Typography_marginBottomMobileSmall__6wx7m Typography_marginBottomDesktopSmall__CboX4 Typography_bold__FqafP Typography_colourInherit__dfnUx Typography_normalise__u5o1s\" data-component=\"Heading\">Your super is betting large on AI<\/h2>\n<p class=\"paragraph_paragraph__iYReA\">The growing alarm amongst investors still hasn&#8217;t really sunk in.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Last Friday night, the Dow Jones Industrial Average, a collection of 30 prominent American companies spanning the US economic landscape, hit a record high, passing through 50,000 for the first time.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">The technology-heavy Nasdaq exchange bounced back too, after a week of violent swings.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">But it is now lagging the performance of old-fashioned industrials and financials, with the share prices of both Meta and Amazon lower than they were when Donald Trump came to power a year ago. Only Google&#8217;s parent Alphabet is ahead on market valuations.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">This is likely to have a big impact here in Australia.<\/p>\n<figure class=\"ContentAlignment_marginBottom__4H_6E ContentAlignment_overflowAuto__c1_IL ContentAlignment_outdentDesktop__ijbiK Figure_figure__xLyBy Figure_docImage__DSvk4\" data-print=\"inline-media\" data-component=\"Figure\" id=\"106323888\" data-uri=\"coremedia:\/\/imageproxy\/106323888\">\n<div class=\"Figure_content__8xRH4\">\n<div class=\"FigureContent_content__GnImC\">\n<div class=\"ContentImage_ratio__0yYeG\">\n<div class=\"AspectRatio_container__FC_XH\" style=\"--aspect-ratio:1.5\" data-component=\"AspectRatioContainer\"><img data-opt-id=758893364  decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/b4f30f898554c02d7982cebd5ae62ed8?impolicy=wcms_crop_resize&cropH=564&cropW=846&xPos=28&yPos=0&width=862&height=575&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/b4f30f898554c02d7982cebd5ae62ed8?impolicy=wcms_crop_resize&cropH=564&cropW=846&xPos=28&yPos=0&width=862&height=575&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/b4f30f898554c02d7982cebd5ae62ed8?impolicy=wcms_crop_resize&cropH=564&cropW=846&xPos=28&yPos=0&width=862&height=575&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/b4f30f898554c02d7982cebd5ae62ed8?impolicy=wcms_crop_resize&cropH=564&cropW=846&xPos=28&yPos=0&width=862&height=575&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/b4f30f898554c02d7982cebd5ae62ed8?impolicy=wcms_crop_resize&cropH=564&cropW=846&xPos=28&yPos=0&width=862&height=575&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/b4f30f898554c02d7982cebd5ae62ed8?impolicy=wcms_crop_resize&cropH=564&cropW=846&xPos=28&yPos=0&width=862&height=575&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/b4f30f898554c02d7982cebd5ae62ed8?impolicy=wcms_crop_resize&cropH=564&cropW=846&xPos=28&yPos=0&width=862&height=575&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/b4f30f898554c02d7982cebd5ae62ed8?impolicy=wcms_crop_resize&cropH=564&cropW=846&xPos=28&yPos=0&width=862&height=575&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/b4f30f898554c02d7982cebd5ae62ed8?impolicy=wcms_crop_resize&cropH=564&cropW=846&xPos=28&yPos=0&width=862&height=575&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/b4f30f898554c02d7982cebd5ae62ed8?impolicy=wcms_crop_resize&cropH=564&cropW=846&xPos=28&yPos=0&width=862&height=575&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/b4f30f898554c02d7982cebd5ae62ed8?impolicy=wcms_crop_resize&cropH=564&cropW=846&xPos=28&yPos=0&width=862&height=575&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"A graph shows a big drop in the value of the magnificent seven and the rest of the S&P 500 before small rise.\" class=\"Image_image__5tFYM ContentImage_image__DQ_cq\" fifu-data-src=\"https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/b4f30f898554c02d7982cebd5ae62ed8?impolicy=wcms_crop_resize&cropH=564&cropW=846&xPos=28&yPos=0&width=862&height=575&ssl=1\" loading=\"lazy\" data-component=\"Image\" data-lazy=\"true\"><\/div>\n<\/div>\n<\/div><figcaption class=\"Figure_caption__fS2lN\" data-component=\"Figure__figcaption\">\n<p class=\"Typography_base__sj2RP FigureCaption_text__zDxQ5 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx\" data-component=\"Typography\">The value of the magnificent seven has experienced a major decline.<!-- --> <cite>(<span>Supplied: Refinitiv<\/span>)<\/cite><\/p>\n<\/figcaption><\/div>\n<\/figure>\n<p class=\"paragraph_paragraph__iYReA\">Like many big investors, Australia&#8217;s superannuation funds flocked to the US to capitalise on the AI boom.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">But as the graph above shows, that strategy has begun to unravel. Once the engine room of American financial and technological superiority, the so-called Magnificent 7 tech giants have run out of puff.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">It wasn&#8217;t just an idle side bet by our super funds either. Because they were heavily overexposed to Australian stocks, they&#8217;ve plunged headfirst into the Wall Street boom, which has helped drive spectacular returns over the past three years.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Now, they&#8217;re faced with double trouble. Not only is the tech bet looking stretched, a stronger Australian dollar, which has appreciated almost 10 per cent since late last year, has begun weighing on returns.<\/p>\n<h2 class=\"Typography_base__sj2RP Heading_heading__VGa5B future_heading__Gcudw Heading_default__Z3p_p Typography_sizeMobile20__NUDn4 Typography_sizeDesktop32__LR_G6 Typography_lineHeightMobile24__crkfh Typography_lineHeightDesktop40__BuoRf Typography_marginBottomMobileSmall__6wx7m Typography_marginBottomDesktopSmall__CboX4 Typography_bold__FqafP Typography_colourInherit__dfnUx Typography_normalise__u5o1s\" data-component=\"Heading\">Bitcoin&#8217;s bit part could turn ugly<\/h2>\n<p class=\"paragraph_paragraph__iYReA\">For a market in such disarray, no-one can quite pinpoint the problem.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Bitcoin, having plunged late last year from its $US127,000 October peak, was languishing in the mid $US90,000 range into the new year.<\/p>\n<figure class=\"ContentAlignment_marginBottom__4H_6E ContentAlignment_overflowAuto__c1_IL ContentAlignment_outdentDesktop__ijbiK Figure_figure__xLyBy Figure_docImage__DSvk4\" data-print=\"inline-media\" data-component=\"Figure\" id=\"106324164\" data-uri=\"coremedia:\/\/imageproxy\/106324164\">\n<div class=\"Figure_content__8xRH4\">\n<div class=\"FigureContent_content__GnImC\">\n<div class=\"ContentImage_ratio__0yYeG\">\n<div class=\"AspectRatio_container__FC_XH\" style=\"--aspect-ratio:1.5\" data-component=\"AspectRatioContainer\"><img data-opt-id=758893364  decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/f8ed8d5ca772ecbe098e3c2672a3ba09?impolicy=wcms_crop_resize&cropH=2393&cropW=3590&xPos=0&yPos=0&width=862&height=575&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/f8ed8d5ca772ecbe098e3c2672a3ba09?impolicy=wcms_crop_resize&cropH=2393&cropW=3590&xPos=0&yPos=0&width=862&height=575&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/f8ed8d5ca772ecbe098e3c2672a3ba09?impolicy=wcms_crop_resize&cropH=2393&cropW=3590&xPos=0&yPos=0&width=862&height=575&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/f8ed8d5ca772ecbe098e3c2672a3ba09?impolicy=wcms_crop_resize&cropH=2393&cropW=3590&xPos=0&yPos=0&width=862&height=575&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/f8ed8d5ca772ecbe098e3c2672a3ba09?impolicy=wcms_crop_resize&cropH=2393&cropW=3590&xPos=0&yPos=0&width=862&height=575&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/f8ed8d5ca772ecbe098e3c2672a3ba09?impolicy=wcms_crop_resize&cropH=2393&cropW=3590&xPos=0&yPos=0&width=862&height=575&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/f8ed8d5ca772ecbe098e3c2672a3ba09?impolicy=wcms_crop_resize&cropH=2393&cropW=3590&xPos=0&yPos=0&width=862&height=575&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/f8ed8d5ca772ecbe098e3c2672a3ba09?impolicy=wcms_crop_resize&cropH=2393&cropW=3590&xPos=0&yPos=0&width=862&height=575&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/f8ed8d5ca772ecbe098e3c2672a3ba09?impolicy=wcms_crop_resize&cropH=2393&cropW=3590&xPos=0&yPos=0&width=862&height=575&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/f8ed8d5ca772ecbe098e3c2672a3ba09?impolicy=wcms_crop_resize&cropH=2393&cropW=3590&xPos=0&yPos=0&width=862&height=575&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/f8ed8d5ca772ecbe098e3c2672a3ba09?impolicy=wcms_crop_resize&cropH=2393&cropW=3590&xPos=0&yPos=0&width=862&height=575&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"A person's silhouette stands in front of a multicoloured projected graphic of a Bitcoin token.\" class=\"Image_image__5tFYM ContentImage_image__DQ_cq\" fifu-data-src=\"https:\/\/i2.wp.com\/live-production.wcms.abc-cdn.net.au\/f8ed8d5ca772ecbe098e3c2672a3ba09?impolicy=wcms_crop_resize&cropH=2393&cropW=3590&xPos=0&yPos=0&width=862&height=575&ssl=1\" loading=\"lazy\" data-component=\"Image\" data-lazy=\"true\"><\/div>\n<\/div>\n<\/div><figcaption class=\"Figure_caption__fS2lN\" data-component=\"Figure__figcaption\">\n<p class=\"Typography_base__sj2RP FigureCaption_text__zDxQ5 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx\" data-component=\"Typography\">A huge amount of bitcoin was liquidated last Thursday night.<!-- --> <cite>(<span>Reuters: Jose Cabezas<\/span>)<\/cite><\/p>\n<\/figcaption><\/div>\n<\/figure>\n<p class=\"paragraph_paragraph__iYReA\">Suddenly, it tanked, plunging to just above $US60,000 before recovering to $US70,000.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">The November crash was blamed on a couple of big owners being forced to liquidate their positions to cover debts. This time around, there seems to be no answer.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">A huge amount, $US1.25 billion worth of coins, was liquidated last Thursday night.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Some blamed hedging activity from BlackRock, which runs the biggest bitcoin Exchange Traded Fund. Others claimed investors who had borrowed to finance their bitcoin purchases were being forced to sell.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">But no-one really knows.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">It is more likely that it has suddenly dawned on owners that there&#8217;s nothing in the tank when it comes to fuel to further fire up the price.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Donald Trump&#8217;s crypto-friendly regulatory approach and his pardoning of self-confessed criminals like Binance&#8217;s Changpeng Zhao have run their course.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Its reputation as a store of wealth is now shredded, its use as a currency, at least for legitimate purposes, has evaporated and the rise of quantum computing threatens the security of its encrypted blockchain technology.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">But it now occupies a legitimate place in investment portfolios, albeit a highly speculative and volatile one. And that&#8217;s a concern.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Should it plunge to $US10,000 a coin \u2014 as some suggested last week, as exchange-traded funds offloaded stock \u2014 it would open a new avenue for contagion in already overstretched global equity markets.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Just what you need.<\/p>\n<\/div>\n<footer>\n<div class=\"ArticleWeb_dateline__G3IbH\" data-component=\"Dateline\"><span class=\"Typography_base__sj2RP Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx Typography_letterSpacedSm__V8kil\" data-component=\"Text\">Posted<!-- -->&nbsp;<\/span><time class=\"Typography_base__sj2RP DynamicTimestamp_displayDate__Y3t35 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx Typography_letterSpacedSm__V8kil\" data-component=\"Timestamp\" aria-hidden=\"true\" datetime=\"2026-02-09T19:22:02.000Z\"><span>1h ago<\/span><\/time><time class=\"ScreenReaderOnly_srOnly__bnJwm\" data-component=\"ScreenReaderOnly\" datetime=\"2026-02-09T19:22:02.000Z\">1 hours ago<\/time><time class=\"Typography_base__sj2RP DynamicTimestamp_printDate__OVPa2 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx Typography_letterSpacedSm__V8kil\" data-component=\"Text\"><span>Mon 9 Feb 2026 at 7:22pm<\/span><\/time>, <span class=\"Typography_base__sj2RP Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx Typography_letterSpacedSm__V8kil\" data-component=\"Text\">updated<!-- -->&nbsp;<\/span><time class=\"Typography_base__sj2RP DynamicTimestamp_displayDate__Y3t35 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx Typography_letterSpacedSm__V8kil\" data-component=\"Timestamp\" aria-hidden=\"true\" datetime=\"2026-02-09T19:55:18.000Z\"><span>28m ago<\/span><\/time><time class=\"ScreenReaderOnly_srOnly__bnJwm\" data-component=\"ScreenReaderOnly\" datetime=\"2026-02-09T19:55:18.000Z\">28 minutes ago<\/time><time class=\"Typography_base__sj2RP DynamicTimestamp_printDate__OVPa2 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx Typography_letterSpacedSm__V8kil\" data-component=\"Text\"><span>Mon 9 Feb 2026 at 7:55pm<\/span><\/time><\/div>\n<div class=\"ShareUtility_container__Te_u3 ArticleWeb_shareUtility__Dt_bF Article_hidePrint__yWjxi\" data-component=\"ShareUtility\">\n<ul aria-labelledby=\"abc-\u00abR71hf79aum\u00bb\" class=\"ShareUtility_list__MEJFZ\" role=\"list\"><span id=\"abc-\u00abR71hf79aum\u00bb\" hidden>Share options<\/span><\/p>\n<li><a aria-label=\"Copy link\" title=\"Copy link\" href=\"https:\/\/www.abc.net.au\/news\/2026-02-10\/ai-disrupts-tech-boom-shares-drop\/106323844#\" class=\"ShareUtility_pill__hDa_k ShareLink_iconOnly__uM9lV ShareLink_shareByLink__7sFQn\" target=\"_self\" rel=\"noopener noreferrer\" data-component=\"ShareLink\"><span class=\"ShareLink_linkText__egi4n\">Copy link<\/span><\/a><\/li>\n<li><a aria-label=\"Share by Facebook\" title=\"Share by Facebook\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.abc.net.au%2Fnews%2F2026-02-10%2Fai-disrupts-tech-boom-shares-drop%2F106323844%3Futm_campaign%3Dabc_news_web%26utm_content%3Dfacebook%26utm_medium%3Dcontent_shared%26utm_source%3Dabc_news_web\" class=\"ShareUtility_pill__hDa_k ShareLink_iconOnly__uM9lV\" target=\"_blank\" rel=\"noopener noreferrer\" data-component=\"ShareLink\"><span class=\"ShareLink_linkText__egi4n\">Facebook<\/span><\/a><\/li>\n<li><a aria-label=\"Share by X&nbsp;(formerly&nbsp;Twitter)\" title=\"Share by X&nbsp;(formerly&nbsp;Twitter)\" href=\"https:\/\/twitter.com\/intent\/tweet?text=How+AI+is+disrupting+the+tech+boom+on+global+markets+&amp;url=https%3A%2F%2Fwww.abc.net.au%2Fnews%2F2026-02-10%2Fai-disrupts-tech-boom-shares-drop%2F106323844%3Futm_campaign%3Dabc_news_web%26utm_content%3Dtwitter%26utm_medium%3Dcontent_shared%26utm_source%3Dabc_news_web\" class=\"ShareUtility_pill__hDa_k ShareLink_iconOnly__uM9lV\" target=\"_blank\" rel=\"noopener noreferrer\" data-component=\"ShareLink\"><span class=\"ShareLink_linkText__egi4n\">X&nbsp;(formerly&nbsp;Twitter)<\/span><\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"ArticleWeb_marketingBanner__WEtHh\"><\/div>\n<\/footer>\n<\/div>\n<\/div>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\"> <\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\"> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230; timing. Last week, US <span class=\"match\">tech<\/span> giant Microsoft released a list &#8230; door to competition, undermining the <span class=\"match\">tech<\/span> giants&#039; margins, the &#8230; to flow through to the <span class=\"match\">tech<\/span> giants&#039; boardrooms, where &#8230; security of its encrypted blockchain <span class=\"match\">technology<\/span>. But it now occupies a &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-82528","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/82528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=82528"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/82528\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=82528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=82528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=82528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}