Economy

progree

(13,027 posts)

8. Software stocks are some of what's dragging on the tech sector

Mon Apr 13, 2026, 01:08 AM

Yesterday

Last edited Mon Apr 13, 2026, 01:54 AM - Edit history (1)

Software stocks are experiencing a significant sell-off, with companies like Salesforce (CRM), Adobe (ADBE), Intuit (INTU), and Workday (WDAY) facing intense pressure due to AI agent disruption fears. The "software-mageddon" has severely impacted companies with high subscription models, driven by concerns that AI will replace traditional software workflows and reduce pricing power - Business Insider

The iShares Expanded Tech-Software Sector ETF (IGV) is down 30.2% YTD thru April 10
https://finance.yahoo.com/quote/IGV/

Past 12 months: -13.7%,
Past 24 months: -8.8%

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Is the "AI Boom" already over? Tech Valuations Back to Pre-AI Boom Levels [View all] usonian Sunday OP

There is so much AI there's going to be little else. bucolic_frolic Sunday #1

All these AI agents are getting aggregated together Shermann Sunday #2

The Large Language Models are fungible? bucolic_frolic Sunday #5

Its going to go lower. nt BootinUp Sunday #3

I don't think it is just the AI boom that is over. I think all sectors will suffer from this President and his war. Midnight Writer Sunday #4

And for many applications, you don't need a massive data center flying in outer space Bluetus Sunday #6

i was seeing tulips. pansypoo53219 Sunday #7

Software stocks are some of what's dragging on the tech sector progree Yesterday #8