2026년 2월 13일 · Unknown · financial · 출처 Yahoo Finance
Artificial intelligence (AI) fears sparked a sell-off in software stocks last week, citing the sector's broad concerns around AI disruptions.
B. Riley Wealth chief market strategist Art Hogan breaks down whether the AI-driven panic has gone too far, what some strategists suggest, and why some investors believe the worst of the so-called "Software-mageddon" may be behind us.
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Video Transcript
00:00 Art
I think it's starting to end now, right? So, you know, a week ago when we really ushered in software Mcgeddon and and we've been playing this whack-able game for what's AI going to destroy.
00:09 Art
Last week it seemed to be uh software, this week it seems to be financial Services company, perhaps lawyers will be next.
00:15 Art
I think that the at the end of the day, we get to a place where calmer minds have to prevail here. So we got the IGV, which is the software ETF, um, got so oversold that it threw off a reading of 12 on an RSI, a reading that hasn't been seen in the history of its of that index, right?
00:28 Art
Typically you want to be somewhere between 30 and 70. A 12 is extremely oversold. Investors noticed that and then started to say, you know, is Microsoft really going out of business or is AI actually going to make them much more productive?
00:38 Art
And you can you can run that list over uh the majority of software companies and I think that that that madness will start to sort of um dissipate. The only problem with that is we're just going to move on to something else. It's like, you know, playing a game of battleship. What is the next sector that artificial intelligence is going to sink?
00:52 Art
And you know, this week seems to be financial services because somebody rolled out a new tax program. I think that's going to be an ongoing rolling process. But I think the worst of the software getting is probably behind us.
01:01 Speaker B
Good. Good, because this can't continue every single day. A company like Salesforce and Workday are not going out of business.
01:06 Speaker B
And I think that's what the market is uh forgetting a little bit. Uh, big thanks to Art and as always, good to see you both. Appreciate it.
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