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Markets have erased about $2 trillion in software value from AI missteps
The op-ed argues investors have been focused on the wrong AI question, contributing to the software sector’s large market value decline.
CNBC Markets published an op-ed saying recent market action has effectively wiped out about $2 trillion in software value over the past year, attributing the drop to how investors have approached AI.
The piece argues that the market has been asking the wrong question about AI, rather than focusing on the areas the author believes are the real drivers of value in the software industry.
According to the op-ed, the AI debate has not only failed to support software valuations, but instead coincided with a broad erosion of market value in software firms.