Software stocks in the State Street ETF lost $1.6T in combined market cap in 2026 due to AI fears; Microsoft, AppLovin, Intuit, and Salesforce each lost $50B+
“The pure dollar number which is chasing [the dispersion trade] is bigger than before. The fast money accounts like hedge funds are much more active . . . But you're also seeing the application of this [trading strategy] going way beyond just the hedge funds.” www.ft.com/content…