Real Estate Services Stocks Sink in Latest ‘AI Scare Trade’
For CBRE and Cushman & Wakefield, the moves marked the biggest drop since 2020 in the midst of the Covid-driven market selloff. “We believe investors are rotating out of high-fee, labor-intensive business models viewed as potentially vulnerable to AI-driven disruption,” Keefe, Bruyette & Woods analyst Jade Rahmani wrote in a note to clients Wednesday.
For CBRE and Cushman & Wakefield, the moves marked the biggest drop since 2020 in the midst of the Covid-driven market selloff. “We believe investors are rotating out of high-fee, labor-intensive business models viewed as potentially vulnerable to AI-driven disruption,” Keefe, Bruyette & Woods analyst Jade Rahmani wrote in a note to clients Wednesday.
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