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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+ (Wall Street Journal)

Wall Street Journal : Software stocks in the State Street ETF lost $1.6T in combined market cap in 2026 due to AI fears; Microsoft, AppLo...

2 October 2024

Sources: Peak XV has cut its $2.85B fund by $465M, or ~16%, over a year after its split from Sequoia, with the bulk of the reduction coming at the growth stage (The Economic Times)

The Economic Times:
Sources: Peak XV has cut its $2.85B fund by $465M, or ~16%, over a year after its split from Sequoia, with the bulk of the reduction coming at the growth stage  —  Venture capital firm Peak XV Partners, formerly Sequoia Capital India, has pared the size of its $2.85 billion fund by 16% …

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