Trucking and real estate stocks struggle to gain momentum in premarket after becoming latest victims of AI fears

• Trucking stocks C.H. Robinson and RXO each fell up to 20% Thursday after the SemiCab AI platform launch, while beneficiary Rime surged 30% and gained another 15% in Friday premarket
• Commercial real estate entered its second day of sell-offs with CBRE down 0.6% in premarket, following Thursday's 8% loss, as AI disruption concerns spread beyond software
• UBS strategists view the sell-off as validation of AI's monetization potential and recommend diversifying across sectors, while Wedbush's Dan Ives called the software doomsday scenario 'extremely overblown' and a 'massive dislocation'

Market Summary: AI Disruption Hits Logistics and Real Estate Sectors

Key Developments:

AI concerns triggered a fresh sell-off in logistics and commercial real estate stocks on Thursday, extending into Friday's premarket trading. The disruption stems from Algorhythm Holdings' new AI tool "SemiCab," marketed as "the world's most well-orchestrated transportation platform."

Hardest Hit Stocks:

• Logistics: J.B. Hunt and RXO both plunged up to 20% on Thursday. Friday premarket showed J.B. Hunt recovering 0.7%, while RXO extended losses by 1.5%. Knight-Swift fell over 16% Thursday and traded flat Friday morning. C.H. Robinson dropped 9% Thursday and declined another 0.6% in premarket.
• Real Estate: CBRE Group led losses, declining 0.6% in Friday premarket after Thursday's selloff. Jones Lang LaSalle and Cushman & Wakefield fell approximately 8% and 4% respectively on Thursday.
• Software: The sector, which suffered a historic selloff last week, remained pressured. Oracle dropped 1.5%, while Salesforce and ServiceNow both declined 0.1% in premarket.

Market Context:

The Russell 2000 index entered bear market territory last month and is down 23% year-to-date. All "Magnificent Seven" tech stocks closed Thursday in negative territory, with Tesla leading Friday losses at 0.8%.

Expert Analysis:

UBS strategists view the disruption as validation of AI's monetization potential, recommending sector and geographic diversification. Wedbush's Dan Ives called the software selloff "a massive dislocation," arguing the sector is being treated as "structurally broken" despite strong fundamentals for companies like Salesforce and ServiceNow.