Trucking, real estate stocks latest victims of AI fears
In an aerial view, trucks line up to enter a shipping dock at the Port of Oakland on August 26, 2025 in Oakland, California.
Justin Sullivan | Getty Images
Investors were worried in the last trading session of the week after artificial intelligence concerns hit the stock markets again, triggering a new wave of sales that this time also hit the logistics and real estate sectors.
Here’s how some of the worst-hit stocks fared on Friday.
Trucking and logistics
Logistics stocks became the latest victim of the AI fear trade on Thursday, thanks to a new tool from an AI firm Algorithm Holdings. The vehicle, called SemiCab, introduces itself as “the world’s best organized transportation platform.”
logistics giants CH Robinson And RXO The stocks, which fell as much as 20 percent each on Thursday, both rebounded 2 percent on Friday.
RXO stock price
share price
Real estate
Sales in commercial real estate companies entered their second day on Thursday. CBRE It was among the hardest hit and extended its losses into Friday, falling 1%.
CBRE share price
Software
Software stocks at the center of an era Last week’s historic sell-off was also caught in Thursday’s decline but was mixed Friday morning.
Palantir Technologies while extending the previous day’s losses a little lower, autodesk And sales force both added 1%.
The iShares Expanded Technology Software Sector ETF (IGV), which posted a nearly 3% loss on Thursday, was last trading flat. But the fund, which entered a bear market last month, is now down about 23% year-to-date.
The “Magnificent Seven” technology stocks all finished Thursday’s session in negative territory and were down Friday morning. Meta While a 2% withdrawal caused losses in the group, Nvidia And Alphabet This was followed by a 1% decline.
“While the broad impact on these industries and individual names is yet to be seen, we see this as a validation of AI’s monetization potential,” strategists at UBS wrote in a note Friday morning. he said. “The latest developments also underscore the transformative nature of AI, making it a critical component of an investor portfolio.”
They added that focusing solely on the US information technology sector “is unlikely to fully capture the direct beneficiaries of AI” and recommended that investors diversify across sectors and geographies.
Speaking to CNBC’s “Squawk Box Europe” on Friday, Dan Ives, Head of Global Technology Research at Wedbush Securities, said that although some software names have been hurt by the rise of artificial intelligence, investors should not underestimate the entire sector.
“Like that Adobe A potential loser? Are the software names like this? UiPathSome of the pure play names? “Yes,” he said. “But Salesforce, ServiceNow? No – I guess [they] The key pieces of the game in the AI revolution will be use cases.”
Ives argued that Wall Street had miscalculated “the ripple effect we would see in technology” thanks to artificial intelligence.
“I think what you’re seeing here is just a big displacement,” he said of the sale of the software. “I would say it’s the most disjointed conversation I’ve seen in my career; you’re treating the industry as if it were a structurally broken industry.”
— CNBC’s Sarah Min, Michelle Fox and Sean Conlon contributed to this report.
