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US brokerage stocks fall amid AI tax disruption fears
US brokerage shares dropped amid concerns AI tax tools may disrupt traditional advisory revenue models.
US brokerage stocks declined after AI driven tax tools raised concerns about disruption in traditional advisory services and wealth management operations. Analysts said automation in tax preparation could pressure fee based the revenue models across firms. Investors reacted the cautiously as companies evaluate technology integration strategies. Market participants are monitoring earnings commentary for insights on the costs and competitive positioning.