Australia: “High-profile investor Hyperion Asset Management has dramatically cut its #exposure to #SoftwareStocks as it attempts to stem the bleeding from what it describes as one of the toughest periods in the firm’s 30-year history.

The $15 billion money manager has been among the hardest hit from the recent rout in the #technology sector as #investors around the world dumped #SoftwareFirms, worried that #ArtificialIntelligence will replicate their services at a fraction of the #cost.”

#WhiteCollar / #ZeroHourWork / #AI / #stonks <https://www.afr.com/markets/equity-markets/hyperion-sells-software-stocks-after-tech-rout-smashes-returns-20260218-p5o38x> (paywall) /
<https://archive.md/upBic>