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Business

AI Anxiety Triggers Tech Sell-Off: Asure, Paycom, Doximity Among Stocks Hit

A wave of investor anxiety over artificial intelligence's disruptive potential sparked a broad market sell-off Thursday afternoon, dragging down technology shares across the board. The S&P 500 Information Technology sector fell nearly 3%, with the 'Magnificent Seven' stocks all in the red as traders executed a 'basket-style' retreat from the sector.

Business

Analysts Recalibrate AeroVironment Outlook: BlueHalo Deal Reshapes Growth Narrative Amid Integration Questions

Wall Street's consensus price target for defense contractor AeroVironment has been trimmed, reflecting a nuanced reassessment of its strategic acquisition of BlueHalo against near-term execution risks. While the move bolsters its portfolio in counter-drone and space tech, analysts are weighing the promise of long-term synergy against the challenges of merging operations and uncertain demand cycles.