Q: Hi! Any reason for the 12% today? Thanks!
5i Research Answer:
There was no company news; there was a tiny logistics firm RIME that claimed improved productivity on logistics using AI. This news prompted an AI-scare across the entire industrial complex. But it makes little sense for WSP to impacted. Also, RIME is a $6M company, that used to sell karaoke machines. This is the state of the market we are in right now.