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Software stocks are actually like altcoins, here is their performance from ATHs:
Microsoft (MSFT) -18%
UiPath (PATH) -26%
FICO -29%
Intuit (INTU) -32%
Workday (WDAY) -32%
Palantir (PLTR) -35%
ServiceNow (NOW) -40%
Datadog (DDOG) -40%
AppLovin (APP) -40%
Salesforce (CRM) -43%
NFLX-43%
Adobe (ADBE) -43%
Oracle (ORCL) -50%
Braze (BRZE) -50%
Intapp (INTA) -50%
Unity (U) -50%
Roblox (RBLX) -70%
Duolingo (DUOL) -79%
Snap (SNAP) -94%
These companies are getting cooked every single day