AI Pressure Depresses Enterprise Software Stocks

Lance Roberts reports that since the iShares Expanded Tech-Software ETF (IGV) peaked on September 19, 2025, software stocks have plunged—about 30% overall—and roughly $1 trillion of market value was erased between mid-January and mid-February 2026 after AI agent launches such as Anthropic’s Claude Cowork and OpenAI’s Frontier. Analysts cite Gartner and Forrester forecasts showing software spending still rising, implying durable demand for differentiated SaaS offerings.