US software stocks have endured a turbulent year, with AI-driven uncertainty and the growing use of momentum-based and leveraged trading strategies amplifying price swings across the technology sector, Reuters reported.
The S&P 500 software and services index has moved sharply in both directions after reaching a record high on October 28. The index subsequently lost more than 33% of its value by April 10, with selling accelerating after an Anthropic product launch in January raised concerns among some investors that advances in artificial intelligence could make parts of the traditional software industry obsolete.
