--- title: "AI impact scares off institutions? \"YOLO\" retail investors boldly enter the market, significantly increasing their positions in software stocks, with a preference for Microsoft" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/277107109.md" description: "As software stocks are being sold off on Wall Street due to the impact of artificial intelligence, retail investors are going against the trend and increasing their positions, driving retail trading activity close to historical highs. Despite the S&P Composite 1500 Software and Services Index dropping nearly 20% since the beginning of the year, retail investors continue to buy, particularly favoring Microsoft. Analysts point out that the current sell-off has become excessive, and software stock valuations are attractive. Concerns about AI have not deterred retail investors; instead, they have increased their buying power amid market volatility" datetime: "2026-02-26T22:22:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277107109.md) - [en](https://longbridge.com/en/news/277107109.md) - [zh-HK](https://longbridge.com/zh-HK/news/277107109.md) --- > 支持的语言: [English](https://longbridge.com/en/news/277107109.md) | [繁體中文](https://longbridge.com/zh-HK/news/277107109.md) # AI impact scares off institutions? "YOLO" retail investors boldly enter the market, significantly increasing their positions in software stocks, with a preference for Microsoft As Wall Street faces concerns over the impact of artificial intelligence (AI) and sees a massive sell-off of software stocks, retail investors are choosing to go against the trend and increase their positions, pushing retail trading activity close to historical highs. According to data from JP Morgan, despite the S&P Composite 1500 Software and Services Index having fallen nearly 20% since the beginning of the year, retail trading activity in this sector is approaching record levels. JP Morgan strategist Arun Jain stated that retail investors continue to buy into the software sector amid "persistent cracks in certain areas of the market." ![WeChat Screenshot_20260226163903.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260227/1772142782293579.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) In terms of individual stocks, Microsoft (MSFT.US) has become the most favored target for retail investors last week and so far this year. Additionally, ServiceNow (NOW.US) and AppLovin (APP.US) have also attracted significant retail capital attention. Previously, the software sector faced intense selling, partly due to market concerns that a new wave of AI product releases could replace traditional software services, impacting the core businesses of companies like Salesforce (CRM.US) and Adobe (ADBE.US). On Monday, Citrini Research released a report suggesting that AI could trigger widespread economic shocks, further fueling so-called "panic trading." Nassim Taleb, author of "The Black Swan," also warned that the software industry might face a wave of bankruptcies. However, some institutions believe that the current sell-off has been excessive. Marshall Front, Chief Investment Officer of Front Barnett Associates, stated, "We believe the sell-off in software stocks has clearly gone too far, and current valuations are now attractive." It is noteworthy that AI concerns do not seem to have deterred "YOLO" (You Only Live Once) style retail investors. Data from VandaTrack Research shows that as Nvidia (NVDA.US) experienced its largest drop in three months on Thursday, the proportion of retail investors buying the dip reached a historical high. Meanwhile, Broadcom (AVGO.US), the iShares Expanded Tech-Software Sector ETF, and the iShares Semiconductor ETF also showed significant signs of retail bottom-fishing. Vanda data indicates that within the first 80 minutes after the market opened on Thursday, retail investors net bought $336 million worth of stocks, potentially marking one of the largest single-day buying intensities in months. Analysts point out that in an environment where the market is highly sensitive to every new AI development, even "jumping at shadows," some investors may be seeking value in the indiscriminate sell-off. Walter Todd, Chief Investment Officer of Greenwood Capital Associates, stated, "Given the recent extent of the sell-off and its relatively indiscriminate nature, now may be a good time to look for value." He added that although there is still uncertainty about the long-term prospects of the software industry, the possibility of a short-term rebound is not low. 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