Recent software stocks' pullback has attracted market attention. While enthusiasm for AI continues to soar, some investors are dumping traditional software assets in large quantities. What is the real reason behind this?

Some analysts believe that this round of adjustments in the software industry is actually paving the way for a larger wave of mergers and acquisitions. When valuations fall and market sentiment cools, it is often the best time for capital deployment. Some敏锐的投资者和大型科技公司已经开始寻找机会，打算在低点时趁势而入。

From a broader perspective, this also reflects the market's expectations for AI shifting from frenzy to rationality. Software companies without clear AI strategies face pressure, while those with AI capabilities or acquired and integrated by large companies may gain new life. This淘汰优胜劣汰的过程，往往会催生一批并购交易。

For investors关注全球资本动向的来说，这个信号值得留意——当传统科技行业开始洗牌时，往往也意味着资本配置方向的重大变化。