Traders dump software stocks
Digest more
Nvidia CEO Jensen Huang dismissed fears that AI will replace software as tech stocks were rattled by new tools from Anthropic this week.
Anthropic just launched a new AI tool that could replace dozens of software tools. And Wall Street is panicked.
After falling 26% in three months, Microsoft looks oversold.
Software stocks are thought to be facing an existential threat from the rise of AI, and Bitcoin, noted one analyst, is just open-source software.
Software stocks are in a freefall. Adobe stock price continued its freefall this week, reaching its lowest level since April 2020.
Software stocks have been sharply oversold on AI disruption fears, creating compelling value opportunities for patient investors. Click here to know more.