Reported 1 day ago
As artificial intelligence evolves, investors are increasingly concerned about its impact on certain industries, leading to a sell-off in stocks of companies deemed at risk. Notable examples include Wix.com and Shutterstock, both down significantly this year as investors anticipate a shift in demand towards AI solutions. While some firms thrive by integrating AI, like Duolingo, many traditional businesses face intense pressure as the market adjusts, leading to fears of broader industry disruptions reminiscent of the internet's rise.
Source: YAHOO