EverQuote: AI Risk Is More Pressing Here (Downgrade)

Market Trends - There is significant evidence of indiscriminate selling in the stock market, particularly affecting technology stocks perceived to have disruption risks from AI [1] - "Old economy" stocks, such as those in the energy and materials sectors, have experienced substantial gains during this period of market volatility [1] Analyst Background - Gary Alexander has extensive experience in covering technology companies on Wall Street and has worked in Silicon Valley, providing insights into current industry trends [1] - He has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications, with his articles reaching audiences through popular trading apps like Robinhood [1]