Software stocks plummet due to AI concerns

AI Concerns Impact Tech Stocks

Tech and software stocks have experienced a significant sell-off this week due to rising concerns over AI advancements, leading to declines in all three major indexes.

Expert Insight on Software’s Future

Rishi Jaluria, managing director at RBC Capital Markets, argues that viewing AI advancements as the “death of software” is misguided, emphasizing the importance of understanding the evolving landscape of technology.