00:00C'est Benzinga, bringing Wall Street to Main Street.
00:02Software stocks have slid as investors...
00:05...and assess the sector's outlook amid rapid advances in artificial intelligence and the rise of AI.
00:10Powered coding tools, according to The Wall Street Journal.
00:13Shares of major software companies...
00:15...including Salesforce, Adobe, and ServiceNow, have fallen at least 30%.
00:20Since the start of last year, an S&P index of small and midsize software stocks is...
00:25...down more than 20%, with losses accelerating this month after Anthropic introduced...
00:30...Claude Code, an AI tool that can sharply reduce software development time.
00:34Investors...
00:35...are questioning whether AI will pressure software pricing and growth, even as analysts say...
00:40...the sector is unlikely to become obsolete and may reward companies that successfully integrate AI.
00:45For all things money, visit Benzinga.com.
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