Software hit hard by AI, seen worldwide, with Morgan Stanley’s index of software-as-a-service (SaaS) stocks trading this month at 23 times expected earnings. That’s half its average over the past decade and the lowest level in Bloomberg data going back to 2014.
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Why growth stocks plunge, part one
Why growth stocks plunge, part one. It has only been more than three months since most U.S. growth stocks reached their all-time highs in October last year to January 2022. During this period, the three major U.S. stock market indexes ended at 1/27, from the highest point in history; the Dow Jones fell 8%, the S&P 500 fell 11%, and the Nasdaq, which represents growth stocks and technology stocks fell 17%,