Industry Newsagentsvertical saasmicrosoftmarket correction
Software Stocks Lose Value Amid AI Threats
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7.1
Software stocks plunged over the last month as investors worry AI could displace vertical SaaS vendors, wiping more than $730 billion from Adobe, Microsoft, Salesforce, SAP, ServiceNow and Oracle combined as of this week. The iShares Expanded Tech Software ETF fell 19% month-over-month and Microsoft lost over $450 billion by Feb. 3, prompting debate over whether AI agents will replace SaaS stacks.
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