The AI-fueled software meltdown is overblown

The software sector has taken a massive beating on Wall Street over the past few months on fears that AI is destined to roll over the segment. But the sell-off turned into a meltdown last week after Anthropic (ANTH.PVT) released an update to its Claude Cowork tool that included plugins to perform common tasks related to legal, marketing, finance, data, and sales. OpenAI (OPAI.PVT) then followed with its own new release, and Anthropic launched yet another. ServiceNow (NOW) stock is off more than 22% sin ...