McKesson Shares Slip 3.2% as Logistics Sector Volume Jumps 22% on AI Scare
McKesson shares fell 3.2% Wednesday alongside peers, as a narrative driven by a former karaoke software provider’s warnings on AI-driven freight automation spooked investors. Sector trading volume jumped 22%, reflecting heightened rotation into technology stocks over logistics positions.
1. AI Automation Concerns Shake Logistics Stocks
Shares of McKesson and other logistics companies declined after a former karaoke software provider flagged potential disruptions from AI-powered freight automation. Investors unloaded logistics ETFs, driving sector volume up 22% as funds rotated into technology names, amid worries that automation could erode distribution margins.
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