In early 2026, a collective panic swept through software companies and repriced the entire category. The Dow Jones U.S. Software Index (DJUSSW index), which serves as a U.S. software sector benchmark, fell from a record close of $9040.04 on October 28th, 2025, to $5773.08 on April 10, 2026 (a drawdown of roughly 36%).1 By August 31st, 2026, it had rebounded about 42.5% off…
