From software to real estate, US sectors gripped by AI scare trade

Wall Street is in the grip ofdisruption worries from AI. It first started with ​investorsdumping shares of software companies but soon spread to sectorsseen as vulnerable to automation, driving sharp losses in U.S.stocks this week.The AI scare ‌trade did not spare even sectors such asprivate credit, real estate brokers, data analytics, legalservices and ​insurers.Global tech stocks took the hit after Anthropic unveiled alegal AI plug-in. But soon the investor unease ⁠deepenedfollowing a flurry of AI model u ...