Software stocks are heading towards the longest consecutive decline in 20 years, with worries about disruption from AI once again on the rise.
The stock price of the software company has fallen, continuing its recent downward trend. The sector is heading towards its longest consecutive decline in about twenty years. The Anshuo Expand Technology Software Department ETF in New York fell by about 1%. If it continues to decline today, it will be the ninth consecutive trading day of decline for the stock - the longest consecutive decline since the nine-day decline ending in June 2006. This ETF, which is a commonly used indicator for the software industry, has fallen by over 16% in the past nine days. This once again shows that market confidence in the sector continues to decline due to concerns about disruptions related to AI.
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