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AI disruption fears sparked a broad sell-off across logistics, real estate, and software stocks, though some analysts see the drop as a potential buying opportunity.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Investors headed into Friday's final trading session on Edge after renewed AI concerns
00:07triggered a sell-off in logistics, real estate, and software stocks, according to CNBC.
00:12Logistics names fell on Thursday after Algorithm Holdings unveiled Semicab,
00:17which it calls the world's most well-orchestrated transportation platform.
00:21C.H. Robinson and RxO dropped as much as 20%, while Expeditors International fell more than 16%,
00:28and J.B. Hunt and XBO also declined.
00:31Commercial real estate stocks extended losses, with CBRE, Jones-Lang LaSalle, and Hudson Pacific properties lower.
00:38Software stocks were mixed as the iShares expanded tech software sector ETF fell 3% Thursday
00:44and is about 23% lower year-to-date.
00:47UBS said recent advances validate AI monetization potential,
00:51while Wedbush's Dan Ives called the sell-off a massive dislocation.
00:55For all things money, visit Benzinga.com.
00:58Google MSA can go where you can confirm the sign.
00:58a數oth ainialka.
00:58I'll see you on A-ianerade china.
00:58And who will in the í•´ěš” using what just how I call the b-out in Australia?
00:58The sell-off a small pot.
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