The artificial intelligence revolution is reshaping the financial landscape, with software stocks under immense pressure. According to CoBee Communications, in the Q1 2026 earnings reports, a record 27 U.S. publicly traded software companies listed AI agents as a competitive risk, more than double the number in Q2 2025. This reflects concerns that AI super-agents launched by companies like Anthropic and OpenAI could replicate software functions or reduce subscription revenue through automation of tasks. Investor sentiment is shifting, with the Software ETF (IGV) down 21% so far this year as the market has digested this disruptive impact.

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