Software stocks plunged again on Tuesday, with the Goldman Sachs software basket clocking its seventh straight drop to bring its loss for the year to 19%. The rout bled into broader measures of the tech sector, dragging the Nasdaq 100 down 1.4% so far in 2026. “Could the entire software sector trade down to that level? The old dichotomy of hardware versus software is breaking down. “It’s not even hardware versus software anymore, it’s within hardware memory versus others, semi-cap equipment versus chip makers.”For now, investors haven’t seemed to be so discerning.

Source: The Edge Markets February 05, 2026 11:58 UTC