Stock Track | Xero Plummets 5.03% Intraday as Renewed AI Jitters Hit Software Stocks

Stock Track

2 hours ago

Xero Ltd's stock plummeted 5.03% during Tuesday's intraday session, reflecting a sharp decline for the Australian accounting software firm.

The drop came amid a broader selloff in Asian software stocks, which tracked losses on Wall Street overnight due to renewed artificial-intelligence jitters. A viral research report from Citrini Research raised fresh fears that technological change could fuel a race to the bottom in white-collar knowledge work, spooking investors across the software sector.

This latest bout of AI anxiety has triggered a classic risk-off move in markets, adding to existing geopolitical and tariff concerns. Analysts note that new AI tool releases could continue to unsettle specific technology subsectors in the near term.

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A viral research report from Citrini Research raised fresh fears that technological change could fuel a race to the bottom in white-collar knowledge work, spooking investors across the software sector.</p><p>This latest bout of AI anxiety has triggered a classic risk-off move in markets, adding to existing geopolitical and tariff concerns. Analysts note that new AI tool releases could continue to unsettle specific technology subsectors in the near term.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XRO.AU","symbol_name":"XERO LTD","start_time":0,"source_url":"","article_id":"1131409362","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1131409362","pubTimestamp":1771908143,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Xero Ltd's stock plummeted 5.03% during Tuesday's intraday session, reflecting a sharp decline for the Australian accounting software firm.The drop came amid a broader selloff in Asian software...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"XRO.AU":"XERO LTD"},"translate_title":"个股追踪|Xero盘中暴跌5.03%AI恐慌情绪重燃软件股","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XRO.AU":1},"content_text":"Xero Ltd's stock plummeted 5.03% during Tuesday's intraday session, reflecting a sharp decline for the Australian accounting software firm.The drop came amid a broader selloff in Asian software stocks, which tracked losses on Wall Street overnight due to renewed artificial-intelligence jitters. 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