AI Can Do the Work However Can’t Take the Blame: 7 Software program Shares the Selloff Is Misunderstanding

Wall Avenue is within the grips of what Jefferies fairness merchants have dubbed the “SaaSpocalypse,” a historic, indiscriminate selloff of software program shares that has erased almost $1 TRILLION in market worth in a matter of weeks.

The iShares Expanded Tech-Software program ETF (IGV), which gives concentrated publicity to the Software program-as-a-Service (SaaS) trade, has plunged 28% from its September 2025 peak and roughly 21% year-to-date in 2026 alone. January was the ETF’s worst month since 2008.