The software sector is suffering a broad and violent sell-off, with sector indexes like the iShares Expanded Tech-Software Sector ETF (NYSE:IGV) entering a technical bear market. 

The software sell-off has been driven by a wave of investor anxiety some are calling the “SaaSpocalypse,” where there is fear that AI has moved from being a helpful co-pilot to an existential threat to software companies. 

PLTR stock is sinking. See the chart and price action here. 

The launch of autonomous AI tools like Anthropic's Claude Cowork has triggered concerns that AI agents will automate high-value tasks so effectively that companies will no longer need to pay for thousands of individual software licenses.

On the other hand, Wedbush analyst and tech bull Dan Ives views the pullback as a “software garage sale,” providing a buying opportunity for resilient ...