CoStar Group, Inc. (NASDAQ:CSGP) is one of the S&P 500 stocks that Jim Cramer shared his take on. Cramer highlighted the AI fears around the stock, as he commented:
The second biggest loser in February was another victim of AI that I am very concerned about. It’s called CoStar Group, and that was down 27.4%. CoStar offers online marketplace services, data, and analytics for the commercial real estate market. It’s sort of like a Zillow for commercial properties. Their stuff is proprietary, but maybe it becomes a lot less valuable when AI can easily write code to gather the same data. That seems reasonable to me, a real fear. Just like EPAM, CoStar reported a strong fourth quarter report in February, but paired that with a disappointing forecast. So many of these stocks have been crushed by AI worries, and the ones that got hit hardest are like CoStar, where these worries have actually started to hit the numbers instead of just being a possibility down the road.
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CoStar Group, Inc. (NASDAQ:CSGP) provides information, analytics, and online marketplace services for the real estate industry.
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