Business
The $1.6 Trillion Meltdown That Swept Through Software Stocks
One of the 21st century’s hottest sectors has become a market albatross.
Concern over the threat that artificial intelligence poses to software companies has hit the shares of companies like Salesforce and Adobe ADBE 1.03%increase; green up pointing triangle hard. Investors are questioning whether software companies that sell to businesses can withstand competition from AI-powered rivals. Lately, the selloff has intensified with each new announcement from AI developers.
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