BUZZ-US software stocks slide; IBM, Microsoft fall after Starbucks news

Microsoft Corporation MSFT	0.00	0.00%
AppLovin APP	0.00	0.00%
Intuit Inc. INTU	0.00	0.00%
Starbucks Corporation SBUX	0.00	0.00%
IBM Corp IBM	0.00	0.00%

** Shares of U.S. software firms slip

** IBM IBM.N and Microsoft MSFT.O fall 4.3% and 2%, respectively

** Starbucks SBUX.O is developing AI-assisted software to replace certain MSFT and IBM applications, including inventory-tracking and maintenance-management systems - Bloomberg News

** Among other software stocks, ServiceNow NOW.N off 3.2%, Adobe ADBE.O down 1.8%, Atlassian TEAM.O off 2.8%

** Intuit INTU.O down 2.4%, Applovin APP.O falls 1.9%

** IShares Expanded Tech-Software Sector ETF IGV.N also down 0.7%

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