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13 February
It’s been a software horror show. Here’s why it could get even scarier, according to Citi.

Need to Know

A short term bounce may be due for software, but longer term problems remain

A Scream on Friday 13th as software stocks remain under pressure
A Scream on Friday 13th as software stocks remain under pressure Photo: Kate Green/Getty Images

It’s Friday the 13th, and investors will be hoping the software horror show will soon end.

Fears that artificial intelligence products will butcher the business models of software-as-a-service companies has caused savage selling in their stocks.