U.S. software stocks plummet due to reports of Amazon launching new artificial intelligence tools.

On Tuesday, software stocks collectively plunged, becoming the latest evidence of the recent intense fluctuations in the industry. Previously, due to market concerns about the disruptive impact of artificial intelligence, this sector has been performing poorly. Earlier reports stated that Amazon's cloud services department is developing AI tools aimed at automating the functions of sales and business development teams. The iShares Technology Software Sector ETF fell by 3.9%, with a cumulative decline of 23% for the year. Investors have been selling such stocks, fearing that new AI tools will reduce the demand for traditional software products in the market. Meanwhile, the semiconductor stock index rose by 0.1% on Tuesday. Stocks with significant declines include Atlassian down by 8.6%, UiPath down by 8.5%, HubSpot down by 7.9%, Intapp down by 7.7%, Pegasystems down by 6.6%, Zeta Global down by 6.7%, GitLab down by 6%, Oracle down by 4.1%, and Microsoft down by 2.7%.