Wall Street dumps software stocks as AI fears spark rout

Wall Street’s long-running unease toward software stocks has intensified into broad capitulation. Investors rush to exit the sector amid mounting fears that AI will erode traditional business models and pricing power. The main averages on Wall Street slumped yesterday, dragged down by AI-darlings Nvidia (NVDA) and Microsoft (MSFT), which both declined by nearly 3%. Sentiment around … Continue reading Wall Street dumps software stocks as AI fears spark rout