Software selloff continues as investors debate AI's existential threat

The answer: It's unclear, but AI's development will involve volatility. After a broad selloff on Tuesday that saw the S&P 500 software and services index fall nearly 4%, the sector slipped another 0.73% on Wednesday, notching the sixth straight session of losses and wiping out about $830 billion in market value since January 28.Software stocks have been under pressure in recent months as AI has gone from a tailwind ‌for many of these companies ‌to a possible disruption. The latest selloff was triggered by ...