10 Stocks Crash as AI Glow Fades

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1. James Hardie Industries plc (NYSE:JHX)

James Hardie extended its losing streak to a fifth consecutive day on Wednesday, hitting a new record low, as investors unloaded portfolios amid a housing slump that weighed down heavily on building materials, while digesting a weaker growth outlook for the rest of the year.

During the trading session, the company dropped to its lowest 52-week price of $17.91 before paring losses to end the day just down by $18.64 apiece.

In an updated report released on Tuesday, James Hardie Industries plc (NYSE:JHX) said net income for the first quarter of fiscal year 2026 fell by 60 percent to $62.6 million from $155.3 million in the same period last year.

Net sales also dipped by 9 percent to $899.9 million from $991.9 million year-on-year.

While demand has already been expected in the next few months, James Hardie Industries plc (NYSE:JHX) forecast a further softer outlook as “single-family new construction activity has been weaker than anticipated.”

“Uncertainty is a common thread throughout conversations with customer and contractor partners. Homeowners are deferring large-ticket remodeling projects like re-siding, and affordability remains the key impediment to improvement in single-family new construction, where more recently, homebuilders are moderating their demand expectations and slowing starts to align their home inventory with a decelerating pace of traffic and sales,” James Hardie Industries plc (NYSE:JHX) CEO Aaron Erter noted.

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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