Software stocks saw a sell-off in 2026 as Wall Street feared artificial intelligence (AI) could render some businesses redundant. ServiceNow and Salesforce experienced significant share price drops, although both businesses are doing well.
Source: https://www.fool.com/investing/2026/04/01/2-no-brainer-softw…
Uber and Disney pointed to a remarkably resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and theme park trips. “The consumers are spending, they’re spending locally, and we don’t see any signs of that weakening at this point,” CEO Dara Khosrowshahi said.
When it comes to artificial intelligence (AI) and quantum computing, large and mega-cap stocks have captured the majority of investor attention. All of the Magnificent Seven companies play some role in AI, from NVIDIA’s NASDAQ: NVDA advanced chips to Tesla’s NASDAQ: TSLA pursuit of autonomous driving.
In the last three months of 2025, the tech sector experienced what some called a “correction”.
