[U.S. stocks decline, Nasdaq drops 1% at one point, software stocks remain under pressure] Jin10 Data, February 4 – Amid the ongoing wave of software stock sell-offs triggered by artificial intelligence, U.S. stocks moved lower. The Nasdaq fell for the second consecutive trading day, dropping as much as 1% at one point. AMD (AMD.O) saw its stock price plunge 14% after releasing a performance report that fell short of expectations. Funds continued to flow out of software stocks as investors worried that more advanced AI tools could pose business risks to related companies. Saxo Bank's Chief Investment Strategist Charu Chanana stated, "The market has not abandoned artificial intelligence but is pricing it more cautiously." Ben Barringer of Quilter Cheviot pointed out that although AMD's performance was not poor, the company failed to deliver an impressive report card against the backdrop of earlier market rumors about its strong performance last quarter. Kathleen Brooks of XTB noted that software stocks are expected to remain under pressure in the short term, but the AI supply chain is not entirely bearish, with memory and chip manufacturers likely to provide support. She added, "Traders are no longer betting on an entire sector but are starting to pick specific companies they want to allocate to."