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Artificial-intelligence fears have dogged the software sector this year — and the pressure continued on Monday with renewed intensity.
The iShares Expanded Tech-Software Sector ETF IGV, a proxy for software stocks, fell 4.75% on Monday for its lowest close since Nov. 28, 2023 and its worst one-day decline since Feb. 5, when it fell 4.97%. Altogether, about $223.75 billion in market cap was wiped off from the ETF’s components Monday.
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