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Feb 4, 2026 4:00 PM

The Software Crash In Numbers: These Stocks Are Getting Hit Hardest

After dominating Wall Street for more than a decade, the software trade is now suffering one of its worst and rapid drawdowns in years, and the numbers are staggering.

The iShares Expanded Tech-Software Sector ETF (NYSE:IGV), a bellwether for the space, has fallen for seven consecutive sessions, its worst streak since January 2024.

The index is now down 16% in those seven days, a collapse not seen since the COVID panic of March 2020.

Year to date, the software sector is deeply in the red, with 100 of its 110 constituents posting negative returns.

More than 20 stocks have dropped over 30%, underscoring the violent nature of the selloff and the growing pressure on software business models in the age of AI disruption.

Biggest YTD Losers: A Graveyard Of Growth Names

Among the worst performers, Intapp Inc. (NASDAQ:INTA) leads the plunge, down 49.7% year to date.

It's followed closely by Braze Inc. (NASDAQ:BRZE), off 45.7%, and Unity Software Inc. (NYSE: