美股IPO·2026-02-11 23:46Group 1 - The core viewpoint of the article highlights the impact of AI-induced panic selling in the real estate services sector, with significant stock declines observed in companies like CBRE, Jones Lang LaSalle, and Cushman & Wakefield, which dropped 12% and 14% respectively, marking their largest declines since the pandemic began [1][3][4] - The article discusses the broader context of AI technology's rapid penetration across various industries, leading to fears that high-fee, labor-intensive business models in real estate may be vulnerable to disruption [3][4] - Analysts from Keefe, Bruyette & Woods and Jefferies express that the current sell-off may be an exaggerated emotional response, suggesting that the actual threat from AI to the real estate sector is limited in the short term due to the companies' established market positions and relationships [5][3] Group 2 - The article notes that the commercial real estate sector is already struggling to recover from the pandemic's impact on office demand and rising interest rates, which have hindered transaction volumes [4] - It mentions that companies like CBRE and Jones Lang LaSalle have been diversifying their business models into property management, asset valuation, and cross-industry investment sales to mitigate cyclical risks associated with traditional brokerage services [4][3] - The recent downturn in real estate stocks is characterized as part of a broader trend of "AI panic trading," which has also affected software companies, private credit firms, wealth management companies, and insurance brokers [4][1]