Software ate the world. Now, Wall Street is worried AI will eat software.

Core Viewpoint - The article discusses the growing concern among investors that advancements in AI technology may disrupt traditional business software models, leading to a selloff in shares of software companies [1]. Group 1: Market Reaction - Investors are increasingly selling shares of companies that provide enterprise software, fearing that AI capabilities from firms like Anthropic could negatively impact these businesses [1]. - The selloff of business software stocks has been ongoing, indicating a significant shift in market sentiment towards the software industry [1]. Group 2: Industry Trends - For over 15 years, business software has been a dominant force across various industry sectors, showcasing relentless advancement [1]. - The emergence of AI technologies is perceived as a potential threat to the established business software landscape, prompting concerns about the sustainability of current business models [1].