WiseTech Global Share Price Plunges After AI Fears Trigger Wall Street Sell-Off
Australian Financial Review
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Details
- Date Published
- 13 Feb 2026
- Priority Score
- 1
- Australian
- Yes
- Created
- 13 Feb 2026, 04:30 am
Description
WiseTech Global has become the ASX poster child for AI disruption fears. The selling is indiscriminate, but few investors seem prepared to fight the frightened mob.
Summary
The article highlights a significant drop in WiseTech Global's share price due to market fears about AI that have instigated a broader sell-off on Wall Street. The discussion focuses on how these AI disruption fears, despite being driven by a small Florida company, have profoundly impacted investor confidence. While the article touches on market reactions and specific company impacts, it offers limited depth on broader AI safety discourse or existential risks. It primarily deals with fluctuations in the financial market rather than advancing AI safety governance or policies.
Body
MarketsChanticleerPrint articleFeb 13, 2026 – 2.41pmOver the past two years, WiseTech Global founder Richard White and his company have weathered everything that’s been thrown at them – personal scandals, governance scandals, the mass resignation of the company’s independent directors and a series of management changes.But on Friday, WiseTech’s market value, and White’s fortune, crumbled further at the hands of a tiny business in Florida that used to sell karaoke machines.Loading...James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreChanticleerAISharemarketXeroPro MedicusWisetech GlobalAFR WeekendFetching latest articles