Software Stocks Are Underperforming Broader Indexes As AI Spooks Investors

Software Stocks Are Underperforming Broader Indexes As AI Spooks Investors

It’s still being debated whether AI will disrupt traditional software, but stock market investors don’t seem to be taking any chances. Data tracked by a16z Growth between October 31, 2025 and February 27, 2026 tells a striking story of divergence. While the Nasdaq 100 Index (NDX) — a broad measure of overall technology performance —…