Private credit stocks plummet on concern about exposure to software industry disrupted by AI

Cristiana Gigina

Shares of stocks with significant private credit market holdings were diving on fears about exposure to the industries being disrupted by artificial intelligence, most notably, software. Shares of Blue Owl , TPG , Ares Management and KKR were all down by double digit percentages on Tuesday. Apollo Global was off by 7%. BlackRock shed 5%. Publicly traded software stocks have been slammed this year as investors grew increasingly concerned about AI eating into their future growth and profit

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