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Jon Erlichman: Major software stocks see deep declines this year

Jon Erlichman: Major software stocks see deep declines this year
Software stocks post heavy losses this year

Jon Erlichman, anchor and financial journalist at Bloomberg TV, shares performance figures showing significant declines for major software stocks this year.

Intuit dropped 52%, Asana 51%, HubSpot 50%, Atlassian 47%, Monday.com 46%, and Workday 40%. Other notable companies, including Figma, Duolingo, Bill, UIPath, ServiceNow, Salesforce, Adobe, GitLab, Docusign, SAP, Freshworks, and Snowflake, also saw drops ranging from 39% to 22%.

Erlichman has previously covered major corporate milestones, noting that SpaceX almost went bankrupt in 2008 but is now preparing for a potential record-setting IPO. He has also discussed stock portfolio approaches such as the barbell investing strategy at the NYSE. These reports reflect his focus on market performance and investment trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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