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Story summary
- David Sambur, co-president of Apollo Global Management, warns the software sector's AI-driven selloff is not over.
- He notes there are "very large unknowns" that could upend traditional software business models.
- The IGV Software ETF rebounded 3% but remains down 20% year-to-date.
- Sambur cites questions on revenue models, gross margins, and competition from Anthropic and OpenAI.
