zlacker

QQQ is up 20% over the last year.

GOOG is up 70% over the last year.

"Pummelled" seems extremely sensational...

>>bnchrc+(OP)
GOOG is now also an AI company, so not exactly a fair comp as it doesn't fit neatly into the "software" bucket

MSFT is only up 3% over the last year

>>bnchrc+(OP)
You didn't read the article. The first graph plots Workday, Salesforce, SAP, and ServiceNow. Google isn't mentioned.

>>bnchrc+(OP)
Some 7-15% down in a trading day is a lot for an established corporation. I consider Salesforce dropping 7% without some obvious trigger to be at least somewhat newsworthy, and from the first sentences in the article I get the impression that The Economist is sitting on more examples like that.

A lot of people are tense about the AI venture ouroboros and what it might mean for future software, especially people with money and little to no experience actually deploying software.

Edit: At the time I saw some memes claiming that roughly 1.5 trillion dollars in market value had evaporated, which if true is not a small sum.

>>jen729+J3
Maybe they shouldve said ERP stocks are getting "pummelled"

>>bnchrc+mf
It basically does

> The value of listed American enterprise-software companies is down by 10% over the past year.

>>bnchrc+(OP)
Google makes very little money selling enterprise software