The U.S. software sector is experiencing notable declines, with key players like IBM and ServiceNow reporting revenue challenges and investor jitters spurred by increasing AI disruptions. IBM's revenue growth has slowed to 11.3%, contributing to a 7.4% drop in its shares, while ServiceNow has flagged a reduction in first-quarter subscription revenue. The S&P 500 software and services index has plunged over 13% this year, contrasting sharply with a nearly 40% surge in the semiconductor sector led by Texas Instruments.
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