Software stocks are struggling due to rising AI expectations

Software’s long streak as a Wall Street favorite is wobbling as artificial intelligence resets expectations. Salesforce Inc. , Adobe Inc. , and ServiceNow Inc. are among the S&P 500’s weakest names this year, each down at least 16%, wiping out roughly $160 billion in combined market value. Investors pulled money from the software and services group for […] source: https://www.cryptopolitan.com/software-stocks-struggling-ai-expectations/