The iShares Expanded Tech-Software Sector ETF (IGV) is down 4.32% to $80.79 as the market fears AI automation from tools like Claude will disrupt enterprise adoption for major software players. Specific stocks mentioned as facing downward pressure include Salesforce (CRM), ServiceNow (NOW), Adobe (ADBE), and Microsoft (MSFT), with MSFT hitting its lows of the year. The author notes a disconnect in the market as semiconductors are also trading lower despite the high compute demands required for Anthropic to potentially replace traditional software names.