Feb. 13 at 9:13 PM
AI disruption fears rattled the market this week, spreading beyond the recent sell-off seen in software and into the real estate, trucking, and financial services. Financial stocks Charles Schwab
and Morgan Stanley
have fallen 10% and 5% this week, respectively, while software stock Workday
is down 10% in the period. Shares of commercial real estate firm CBRE
have lost 15% week to date.
Those fears widened to the media industry as well, hitting media stocks such as Walt Disney
and Netflix
. Disney shares have declined 3% on the week, while Netflix shares have dropped 6%.
$NFLX $DIS $MS $SCHW $UPS