AI’s Economic Bite: Wall Street Punishes White-Collar Stocks, Forcing Adaptation

Wall Street is actively punishing public companies in white-collar sectors like insurance and wealth management, signaling a pivotal market shift. Investors are no longer treating AI as a distant threat but as an immediate risk to be priced into valuations. This represents a critical inflection point where the theoretical disruption of generative AI is translating into tangible financial consequences for established firms, moving far beyond the technology sector to impact the broader services economy.