Why software stocks are selling off
CNBC Television·2026-02-04 23:15
Software stocks have become ground zero for investors anxiety over the possible disruption coming from AI. The software sector as a whole has lost about 30% of its value in just the last 3 months with those losses accelerating this week even despite some relatively strong earnings from leaders such as Salesforce. com such as Microsoft.Now the main concern here is that either free or cheap coding tools being rolled out by the likes of Anthropic through its cloud service may displace a lot of paid for softwar ...