Friday, February 13, 2026 at 2:22 AM
Shares of trucking and logistics companies fell sharply due to concerns that advancing AI technology will increase competition and hurt profit margins, following a selloff in software stocks.
Investors have punished big-spending tech giants and software companies while betting on memory chips.
Investors are pulling out of companies they think could be hurt by artificial intelligence. ‘It’s shoot first, ask questions later.’
The latest advances have companies—and the stock market—rethinking the software that handles jobs big and small.
Boring companies look a lot more interesting after an AI-driven rout in highflying tech shares.
