Morning Overview

Software, Apps, and Big Tech

AI just wiped $300 billion off software stocks in a single brutal day

Investors just watched roughly $300 billion in paper wealth vanish from software stocks in a single trading session, a wipeout that crystallized Wall Street’s fear that artificial intelligence will not just boost productivity but also cannibalize traditional software revenues. What looked like a routine sector pullback quickly morphed into a full scale “SaaSpocalypse,” as traders […]

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