Market Outlook: AI disruption fears drive selloff in U.S. software stocks
BNN Bloomberg
U.S. software stocks are falling as investors reprice AI disruption risks, trim premium valuations and rotate toward more defensive sectors.
BNN Bloomberg spoke with Mike O’Rourke, chief market strategist at Jones Trading, about how AI disruption fears are prompting investors to demand higher risk premiums, unwind premium valuations and rotate away from software toward more defensive sectors.
Read the full transcript below:
MERELLA: Let’s pick up on the selloff in tech stocks, especially software. We’re joined by Michael O’Rourke, chief market strategist at Jones Trading. Mike, thanks for your time.
MICHAEL: Thank you.
MERELLA: The tool Anthropic has developed to help with legal contracts — is it the disruptor the market seems to think it is?
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