Stocks in AI's Crosshairs

• Wall Street has shifted from fearing an AI bubble to fearing AI's disruptive power across industries.
• AI disruption fears have led to sell-offs in sectors like wealth management, legal services, insurance, and real estate.
• A clear divergence is observed between 'AI Winners' (companies benefiting from AI) and 'AI Risk' stocks (companies vulnerable to AI disruption).

Wall Street is experiencing significant turmoil due to the rapid advancement of AI. Investors are grappling with two opposing fears: that AI investments are too costly with uncertain returns, and that AI will disrupt and render countless existing businesses obsolete. This has led to sell-offs in various sectors outside of core technology, as investors try to identify and avoid companies vulnerable to AI disruption.