What are HALO Stocks and Should You Invest in Them This Year?
2026-02-28 10:47:00 ET
Artificial intelligence (AI) is beginning to disrupt the economy -- and the stock market -- in a major way. There was a major sell-off in the market, and in tech stocks in particular, on Monday, Feb. 23, due to growing anxieties about the potential damage AI could do to individual companies and industries, and -- perhaps more concerning -- to the economy more broadly.
AI start-up Anthropic announced that its Claude Code tool could modernize COBOL coding language, which is a major asset of International Business Machines . That sent shares of IBM down 13% on the day, its worst single-day loss since 2000.
In addition, over the previous weekend Citrini Research issued a note about a possible scenario -- two years from now -- when AI's displacement of jobs has sent the unemployment rate above 10% and aggregate demand in the economy has begun to plummet.
NASDAQ: DE
DE Trading
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$585 Open:
