自10月以来,美国软件存量下降了28%,因为AI担心增长,引发创纪录的回购,但投资者对复苏感到不确定。 U.S. software stocks dropped 28% since October as AI fears grew, prompting record buybacks but leaving investors uncertain about recovery.

美国软件库存自10月底以来下跌了28%, 担心AI会扰乱商业模式, 促使公司批准自去年1月12日起购回705亿美元 — — 几乎是去年水平的四倍。 U.S. software stocks fell 28% since late October amid fears AI could disrupt business models, prompting companies to authorize $70.5 billion in buybacks since January 12—nearly four times last year’s level. 像Salesforce和ServiceNow这样的大型公司增加了回购, 但投资者仍然持怀疑态度, 理由是对AI的影响的持续不确定性. Major firms like Salesforce and ServiceNow boosted repurchases, but investors remain skeptical, citing ongoing uncertainty about AI’s impact. 估值在2月底前跌至22倍,从10月的32次跌至22倍,分析人员强调,持续业绩,而不仅仅是回购,将决定复苏。 Valuations dropped to 22 times forward earnings by late February, down from 32 in October, with analysts stressing that sustained performance, not buybacks alone, will determine recovery.