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Castle Securities: While software stocks are being sold off, retail investors are bottoming out at an "unprecedented" speed
As Wall Street rushes to reprice software maker stocks due to the threat posed by artificial intelligence (AI) tools, a group of investors is lining up to buy the dip. According to Scott Lubna, head of stock and equity derivatives strategy at Castle Securities, retail traders are snapping up software stocks on their platform at record levels. The company has been tracking this data since 2017.