Software Stock Sell-Off: Brutal Wipeout Is Getting Worse, in 3 Charts

Software stocks are taking it on the chin again on Wednesday. The iShares Expanded Tech-Software Sector ETF was down another 3% as the software sector faced selling pressure for a second straight session.The decline comes after a particularly brutal sell-off on Tuesday as investors panicked about Anthropic's new AI tool, which can perform a range of clerical and administrative tasks for people working in the legal industry. Legal software stocks got crushed, but the selling spilled over into the broader s ...