Wall Street hedge funds have secured $24 billion in profits this year by shorting software stocks, particularly targeting automation service companies perceived as vulnerable to AI disruption. The software industry's market capitalization has shrunk by $1 trillion, with major players like Microsoft and Oracle experiencing stock price declines exceeding 15%.
Meanwhile, NVIDIA CEO Jensen Huang has countered claims that AI will replace software, asserting that AI will complement rather than supplant existing software tools. Despite concerns over traditional software models, BiyaPay analysts highlight the investment potential in cryptocurrency and digital asset markets, offering diversified financial products to navigate market volatility.
Wall Street Hedge Funds Profit $24B from Shorting Software Stocks
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