The AI Narrative Now Has a New Trade — Shorting Software Stocks

The AI narrative now has a new trade — shorting software stocks

Anthropic's new AI tool offers a challenge to established software services.

2 software stocks with at least 50% upside potential: Morningstar

The outlook quickly became dire for software stocks this week as investors envisioned a world where Anthropic’s Claude AI assistant rendered entire companies and IT departments useless. The bottom fell out of the sector as the iShares Expanded Tech-Software Sector ETF (IGV) fell 19% from January 26 to February 5. But Morningstar says fears are largely overdone, and the chaotic burst of selling represents a prime dip-buying opportunity. “We see l…