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'No Reasons To Own': Software Stocks Sink on Fear of New AI Tool
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'No Reasons To Own': Software Stocks Sink on Fear of New AI Tool
The new year was supposed to bring opportunities for beaten-down software stocks. Instead, the group is off to its worst start in years. From a report: The release of a new artificial intelligence tool from startup Anthropic on Jan. 12 rekindled fears about disruption that weighed on software makers in 2025. TurboTax owner Intuit tumbled 16% last week, its worst since 2022, while Adobe and Salesforce, which makes customer relationship managemen…
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