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Hedge fund stock pickers have had one of their worst three-week stretches since the first half of 2022, according to a Goldman Sachs client note seen by Reuters on Friday, as the sell-off in AI software-related technology continues this year.According to LSEG data, the S&P 500 software and services index is down nearly 18% so […]
Wall Street’s ‘Software Mageddon’ has had a snowball effect. Now investors are debating whether it’s time to warm up to beaten-down stocks.The fallout for the software industry, which includes a handful of signature stocks from the recent bull market, reflects growing concerns about the potential disruption caused by artificial intelligence as investors increasingly divide the […]
