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Software Stocks Slide Into Broad Sell-Off
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Software stocks plunged on Thursday as investors fled amid concerns that AI could disrupt traditional business models, with the iShares Expanded Tech-Software ETF (IGV) falling about 5% and sitting roughly 21% below recent highs. The selloff hit megacap names too, as Microsoft slid about 10% after reporting slower cloud growth and softer operating-margin guidance.
