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AI Panic Grips Software Stocks: 2 Stocks You Should Buy Anyway
Investor fears of AI disruption and rising $37.5 billion AI infrastructure costs triggered a $1 trillion software sector selloff, with ETF turnover nearing $11 billion on record volume days.
5 Articles
5 Articles
AI Panic Grips Software Stocks: 2 Stocks You Should Buy Anyway
The software industry has undergone a dramatic reversal, shifting from a must-own sector to one investors are fleeing en masse as fears that artificial intelligence (AI) advancements will disrupt traditional business models. Trading volume in the iShares Expanded Tech-Software Sector ETF (CBOE:IGV) surged to near-record levels on Friday, with turnover approaching $11 billion, near the ... AI Panic Grips Software Stocks: 2 Stocks You Should Buy …
How the AI sell-off ripped through software
The past week saw an AI-fuelled sell-off ripple through markets, hitting sectors from software to logistics. Bola Rotibi, chief of enterprise research at CCS Insight, argues that blaming just AI for the pressure on software is too simple an answer.
The rise of artificial intelligence agents upsets the ecosystem of professional software, dominated by groups such as Salesforce, SAP or Adobe, whose market could be changed in depth.
Software stocks—Oracle, Intuit, more—fall as Anthropic’s latest Claude model fuels AI concerns
Several software stocks were on the decline Tuesday after Anthropic released the latest iteration of its Claude AI model, the Google- and Amazon-backed startup’s second major release in as many weeks, further fueling concerns the technology could disrupt markets. The Google- and Amazon-backed AI startup fueled a global selloff in software stocks earlier this month. Gado via Getty Images Key Takeaways Shares of Oracle dropped 3.4% to around $1…
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