The Tech Sector Wall Street Is Shunning Right Now for All the Wrong Reasons
The Motley Fool
Software stocks have been heavily sold off due to fears that generative AI will disrupt the sector, with the iShares Expanded Tech-Software ETF down 30% since October. However, the article argues this sell-off is overdone, as enterprise software companies have high switching costs and strong competitive moats. Microsoft, Atlassian, and Adobe are highlighted as attractive buying opportunities trading at historically low valuations despite strong fundamentals and AI integration.
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