The US stock market is COLLAPSING due to FEARS about new AI:
"The phenomenon of trading based on the fear of AI" is spreading from this sector to others, crushing stocks broadly.
It started with software, then spread to private credit, insurance brokerage, finance, real estate services, and today logistics stocks are plummeting by double digits.
The latest cause is a press release from Algorhythm Holdings stating that their AI platform allows customers to increase cargo shipping volumes by +300% to +400% without the need to increase personnel.
The most notable point is not the sell-off, but the COMPLETE LACK OF WILLINGNESS of investors to intervene and protect stocks in any significant sell-off.
Names once considered winners thanks to AI are now being reevaluated for disruption risk.
Every day, a new sector becomes a victim of fears regarding disruption caused by AI.
