Software Stocks Slip as Meta Becomes Competition

Dow Jones
Sep 28

Software companies just got new competition: Mark Zuckerberg's company is launching a business focused on selling its AI tools to enterprise customers.

That's putting shares in the sector under pressure: The S&P 500 Software industry index is down nearly 2%. Below are some of the stocks feeling the heat this morning. Meta's shares are also under pressure, though it's worth remembering they've had a blockbuster month.

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