Software stocks have taken a dive, and it's prompted concern among economists.

This follows a difficult month for the sector, with many of them seeing their shares drop by 40 percent as a result of AI.

Milford Asset Management's Michael Luke explained further.

LISTEN ABOVE

 

Software stocks have taken a dive, and it's prompted concern among economists.
This follows a difficult month for the sector, with many of them seeing their shares drop by 40 percent as a result of AI.
Milford Asset Management's Michael Luke explained further.
LISTEN ABOVE
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With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Michael Luke: Milford Asset Management expert on software stocks plunging

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/77cde85c-6497-4f37-9554-b3e700744df3/transcript