The AI threat wrecked software stocks. Now broker stocks look next with LPL down 11%

Traders work at the New York Stock Exchange on Feb. 10, 2026.Shares of financial services firms tanked Tuesday after the launch of a new tax planning tool powered by artificial intelligence that promises to do the work "within minutes."LPL Financial tumbled nearly 11%, while Charles Schwab and Raymond James Financial both dropped more than 9% amid fears that AI will disrupt their industry next. Morgan Stanley dropped 4%.Tech platform Altruist announced the offering within its AI platform, Hazel, and said it ...