Shares of Schwab fell 6% on Tuesday and LPL dropped 7.4% after Meta's new AI assistant Muse sparked worries that AI tools could help investors sweep idle cash out of low-yielding brokerage accounts. Stocks partly recovered on Wednesday. Truist analyst David Smith sees hurdles to full cash sorting and rates Schwab a Buy, but TD Cowen's Bill Katz says concerns will take time to fade.
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