Market Moves: Software Slump, AI Winners, and Airline Headwinds
The market narrative continues to split, with pressure on software stocks contrasting sharply with the persistent strength in AI-focused infrastructure plays. Meanwhile, airline CEOs are heading to CNBC to discuss operational and cost challenges. Here’s a breakdown of the key stories and data points to watch.
Software Sector Under Pressure
The broader software and services sector is experiencing a significant downturn, driven by investor fears that artificial intelligence could disrupt traditional business models. The S&P Software & Services Index has fallen 26% from its October 28 high and is down 18% for the year 2026. The pain is widespread; within the 30-stock index, only Akamai and Fortinet are positive for the year. Notable laggards include Workday, Gartner, and GoDaddy, each down more than 30% in 2026.
Nvidia: Volatility Amid Analyst Support
Nvidia (NVDA)
