The AI threat wrecked software stocks. Now financial stocks look next with LPL down 11%

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Shares of financial services firms tanked Tuesday after the launch of a new tax planning tool powered by artificial intelligence that promises to do the work "within minutes." LPL Financial tumbled nearly 11%, while Charles Schwab and Raymond James Financial both dropped more than 9% amid fears that AI will disrupt their industry next. Morgan Stanley dropped 4%. Tech platform Altruist announced the offering within its AI platform, Hazel, and said it "helps advisors create fully personalized tax

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