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From software to trucking, here are all the stock sectors that have been gripped by AI panic [Business Insider]
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Have an account? Log in AI panic has spread to a handful of disparate sectors of the stock market in the last week. Major stock indexes are on track for a losing week amid the selling pressure. Software, real estate, and trucking were among the affected areas. AI panic has spread quickly across the stock market in the last week. With each new update to the AI toolbox, investors have been forced to pick winners and dump losers in real time. It started with software last week, with the most dramatic repricing in the space in nearly 30 years, erasing $2 trillion in market cap. But the fear has since spread. In a development seemingly out of left field on Thursday, a company that used to make karaoke machines sent trucking stocks tumbling after it published a paper boasting its AI technology could improve shipping logistics. Markets have been aware of AI risks, but fear of how the technology could disrupt the business world appears to be reaching a fever pitch amid a cons
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- Cisco Systems Reports Lower Free Cash Flow - But, Is CSCO Stock a Buy Here? [Yahoo! Finance][Yahoo! Finance]
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- Cisco Systems (NASDAQ:CSCO) had its price target raised by analysts at HSBC Holdings plc from $74.00 to $77.00. They now have a "hold" rating on the stock.[MarketBeat]
- Cisco Systems (NASDAQ:CSCO) had its price target raised by analysts at CICC Research from $84.00 to $96.00. They now have an "outperform" rating on the stock.[MarketBeat]
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