Logistics Stocks Crater As "AI Scare Trade" Crushes Sector, Slam Broader Market | Metals Mine

  • Logistics Stocks Crater As "AI Scare Trade" Crushes Sector, Slam Broader Market

    From zerohedge.com

    First it was SaaS (in particular, and Software in general), then Private Credit, then Insurance Brokers, then it was financials/brokers that were hammered on Tuesday, then real estate service stocks tumbled yesterday, and today it is the turn of Logistics stocks to plunge as investors followed the bouncing AI disruption ball and freaked out over the sector’s vulnerability to the newest crop of artificial intelligence applications and tools that can disrupt countless industries. As the brutal "AI Scare Trade" bouncing ball hits yet another sector, we have seen a painful selloff among big trucking stocks such as ... (full story)

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