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How Claude Code “is the ChatGPT moment repeated” — and why that’s awful news for software stocks

The growing adoption of Claude Code, and more recently, the launch of Claude Cowork by Anthropic, has been an attention-grabbing moment as to the power of AI agents and how they can be housed and operated solely under one highly integrated user interface.To say that software stocks have fallen out of favor would be an understatement, as having this much industry-specific market pain is incredibly rare. Based on data going back to 2001, if IGV has fallen at least 5% over the past month, the SPDR...

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