Retail Traders Buy the Dip as AI Fears Spark a $1 Trillion Tech Selloff
TL;DR Summary
A tech-led selloff driven by fears that AI will erode traditional software revenues wiped about $1 trillion from software names, even as the equal-weight S&P 500 hit a record high; retail investors have been vigorously buying the dip, while big-cap tech remains under pressure and overall market breadth shows mixed signals.
- The ‘dumb money’ steps in as traders lose $1 trillion on the realization that AI will eat tech companies first Fortune
- Anthropic’s new AI tool sends shudders through software stocks CNN
- SaaSpocalypse: Is AI shifting from software enhancer to replacement? (IGV:BATS) Seeking Alpha
- $300 Billion Evaporated. The SaaS -Pocalypse Has Begun. Forbes
- Trillion-Dollar Tech Wipeout Ensnares All Stocks in AI’s Path Yahoo Finance
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