""The question is how low do you go?""
""Investors hate software, that's pretty clear.""
Software shares have undergone a sustained selloff, with the Goldman Sachs software basket falling for a seventh straight session and down 19% year-to-date. The rout has pulled the Nasdaq 100 lower and pushed demand for protection against a 10% drop in the Invesco QQQ Trust to levels not seen relative to bullish bets since March 2020. Implied volatility in the iShares Expanded Tech-Software Sector ETF sits at highs last seen during April tariff turmoil, lifting options premiums. Major software names including Microsoft, Oracle, Salesforce and Palantir have logged double-digit declines as investors fret AI-driven disruption. Adobe’s roughly 20% YTD decline and low valuation are viewed by some as a warning sign for the sector, complicating attempts to price a bottom.
Read at Fortune
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