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US stock software sector plummets amid reports of Amazon's new AI tool launch
5 day ago /
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Author：小编
On Tuesday, the software sector experienced a sharp decline, marking the latest episode in the industry's recent volatility. The sector has been underperforming due to concerns over the disruptive impact of artificial intelligence. Notable declines were seen in stocks such as Atlassian, with the iShares technology software sector ETF falling by 3.9%, accumulating a 23% drop year-to-date. Investors are offloading software stocks, primarily driven by concerns that AI tools will reduce demand for traditional software products. Meanwhile, the semiconductor stock index saw a slight increase of 0.1% on Tuesday. Amazon's cloud services division is developing AI tools aimed at automating the functions of sales and business development teams.
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