AI Scare Trade Triggers Broad Market Selloff as Disruption Fears Spread Across Sectors

Summary

On February 13, a broad "AI scare trade" drove significant market declines across multiple sectors. The S&P 500 fell 1.57%, the Nasdaq dropped 2%, and markets entered negative territory for the year. The selloff was not limited to tech — logistics, real estate, software, media, insurance, and wealth management stocks all experienced sharp declines driven by fears that AI will disrupt their business models. The Russell 3000 trucking index fell 6.6% after a small AI logistics startup announced a p