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A KTV company with a market cap of 6 million sparks a storm in logistics stocks!
On Thursday, logistics stocks plummeted, making the sector the latest victim of the AI "panic trade." At the center of this sell-off is a former karaoke company with a market cap of just $6 million. The little-known company's market value is a mere fraction of the market cap it dragged down for many other companies—all of which were dumped by investors fearful of even the slightest threat from AI. The company's heavy promotion of its logistics platform caused the Russell 3000 Trucking Index to fall by 6.6%...