Investors were assessing on Wednesday whether a selloff in global software stocks this week had gone too far, as they weighed if businesses could survive an existential threat posed by artificial intelligence.
The answer: It’s unclear and will lead to volatility. After a broad selloff on Tuesday that saw the S&P 500 software and services index fall nearly 4%, the sector slipped another 1% on Wednesday.
While software stocks have been under pressure in recent months as AI has gone from being a tailwind for many of these companies to investors…
