Amazon's AI Tool Development Sparks Software Stocks Decline
ByAinvest
Tuesday, Mar 24, 2026 12:02 pm ET1min read
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Amazon's cloud arm is developing an AI agent to automate tasks for sales, business development, and other groups, according to a report. This has caused a decline in software stocks, with the iShares Expanded Tech-Software Sector ETF down 23% since the end of 2022. UiPath, HubSpot, and Atlassian are among the biggest decliners, falling more than 9%. The report has reignited disruption fears in the sector, which has already been pummeled this year by new AI tool releases from startups.
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