Global software stocks experienced an $830 billion wipeout following the launch of AI plugins, sparking fears of obsolescence. However, tech leaders like TCS CEO K Krithivasan push back, arguing complex enterprise systems won’t be replaced by chatbots. Wall Street is repricing the sector, questioning if AI will hollow out or enhance software companies. Global software stocks experienced an $830 billion wipeout following the launch of AI plugins, sparking fears of obsolescence. However, tech leaders like TCS CEO K Krithivasan push back, arguing complex enterprise systems won’t be replaced by chatbots. Wall Street is repricing the sector, questioning if AI will hollow out or enhance software companies.
