00:00It's Benzinga bringing Wall Street to Main Street.
00:02Software stocks have slid as investors re-
00:05Assess 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-
00:15including 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-
00:25down more than 20%, with losses accelerating this month after Anthropic introduced
00:30Claude Code, an AI tool that can sharply reduce software development time.
00:34Investors-
00:35Investors are questioning whether AI will pressure software pricing and growth, even
00:39as analysts say this-
00:40The sector is unlikely to become obsolete and may reward companies that successfully integrate
00:45AI-
00:46For all things money, visit Benzinga.com
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