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AI fears trigger selloff in SaaS and software stocks
Software stocks sold off on fears AI tools could disrupt SaaS models, while ICICI Prudential Mutual Fund reopened select international schemes with capped investments.
Global software and SaaS stocks came under pressure after concerns that rapid advances in artificial intelligence tools from Anthropic and others could disrupt traditional software business models. Investors reassessed valuations amid fears of margin compression and demand shifts. Separately, ICICI Prudential Mutual Fund has resumed subscriptions in three international schemes, capping investments at ₹2 lakh per PAN to manage inflows under regulatory limits.