Investors on Wednesday weighed whether this week’s sharp selloff in global software stocks had been overdone, as they debated whether companies can withstand the potential existential threat posed by artificial intelligence.

The verdict remained uncertain, with AI’s rapid evolution expected to bring bouts of volatility. After a broad rout on Tuesday that dragged the S&P 500 software and services index down nearly 4%, the sector fell another 0.73% on Wednesday, marking a sixth consecutive session of declines and erasing around $830 billion in market value since January 28.

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