Jim Cramer on CoStar Group: “Another Victim of AI That I Am Very Concerned About”

The 2nd biggest loser successful February was different unfortunate of AI that I americium precise acrophobic about. It’s called CoStar Group, and that was down 27.4%. CoStar offers online marketplace services, data, and analytics for the commercialized existent property market. It’s benignant of similar a Zillow for commercialized properties. Their worldly is proprietary, but possibly it becomes a batch little invaluable erstwhile AI tin easy constitute codification to stitchery the aforesaid data. That seems tenable to me, a existent fear. Just similar EPAM, CoStar reported a beardown 4th fourth study successful February, but paired that with a disappointing forecast. So galore of these stocks person been crushed by AI worries, and the ones that got deed hardest are similar CoStar, wherever these worries person really started to deed the numbers alternatively of conscionable being a anticipation down the road.

Photo by jason briscoe connected Unsplash

CoStar Group, Inc. (NASDAQ:CSGP) provides information, analytics, and online marketplace services for the existent property industry.

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