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00:02Wall Street's software sell-off has deepened as investors debate whether steep declines
00:07now present buying opportunities, according to Reuters. The S&P 500 Software and Services
00:12Index fell 13% in the past week and is down about 25% from its late October peak,
00:18erasing more than $800 billion in market value. Investors cited concerns about artificial
00:24intelligence disrupting software business models and a broader rotation out of technology.
00:29Some portfolio managers reported modest buying after technical signals suggested oversold
00:34conditions, while others said they are waiting for clearer catalysts such as AI-related revenue
00:39growth or stronger enterprise adoption. For all things money, visit Benzinga.com.
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