Software’s artificial intelligence troubles don’t appear as though they will let up anytime soon, following the sector’s slide after Anthropic’s latest product and revenue updates. Software is down again this week, with the iShares Expanded Tech-Software Sector ETF (IGV) falling Wednesday — when most of the market participated in a sharp rally following President Donald Trump’s announcement of a ceasefire — and then again on Thursday. The IGV is down more than 4% week to date. Some stocks suffered more than others, like Workday and Intuit which are both down more than 15% this week. The tumult comes after the Anthropic disclosed this week that its revenue run rate now tops $30 billion, up from $9 billion at the end of 2025. The company also rolled out its latest updates on agentic tools, including Claude Managed Agents , which reduce the time it takes for developers to build their own agents. That revived fears of an AI day of reckoning coming for software. IGV 5D mountain The iShares Expanded Tech-Software Sector ETF (IGV) in the past five trading days “That Anthropic update was staggering,” wrote Ben Reitzes, head of technology research at Melius Research, in a Wednesday note that referred to the revenue run rate. “The exponential we …
