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Keyword: wipesout

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  • Selloff wipes out nearly $1 trillion from software and services stocks as investors debate AI's existential threat

    02/14/2026 2:33:30 PM PST · by fireman15 · 17 replies
    Reuters ^ | February 4, 2026 | Chibuike Oguh, Danilo Masoni and Medha Singh
    Selloff wipes out nearly $1 trillion from software and services stocks as investors debate AI's existential threat Summary: Companies: Software stocks fall on AI disruption fears, but selling intensity eases Scramble to shield portfolios as AI muddies valuations, business prospects Selloff has been overdone, analyst says Software and service stocks shed $830 billion in market value in six trading days Feb 4 (Reuters) - Investors were assessing on Wednesday whether a selloff in global software stocks this week had gone too far, as they weighed if businesses could survive an existential threat posed by artificial intelligence. The answer: It's unclear,...