AI fears spark a trillion-dollar rout in U.S. software stocks
TL;DR Summary
U.S. software and data-services stocks fell for a seventh straight session as investors worried AI advances could disrupt the sector, with the S&P 500 software index down about 4.6% and roughly $1 trillion in market value wiped since January 28; heavyweights like ServiceNow, Salesforce and Microsoft led the declines as investors rotated out of tech into value plays amid rising market volatility.
- US software stocks slammed on mounting fears over AI disruption, lose $1 trillion in week Reuters
- AI fears pummel software stocks: Is it 'illogical' panic or a SaaS apocalypse? CNBC
- What to Know About the Software Stock Selloff morningstar.com
- The Fall of the Nerds Noah Smith | Substack
- $300 Billion Evaporated. The SaaS -Pocalypse Has Begun. Forbes
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