US software industry market value evaporates a trillion, hedge funds make crazy profits of 24 billion US dollars this year.

According to sources from two major funds on Wall Street, hedge funds are increasing their short positions on software stocks, becoming one of the driving forces behind the brutal sell-off in the sector so far this year. Data from financial analytics company S3 Partners shows that hedge funds have made $24 billion in profits since 2026 by shorting software stocks, while the total market value of the US software industry has evaporated by $1 trillion.