5 industries that have gotten rocked by the AI 'scare trade' defining markets this year [Yahoo! Finance]
ServiceNow, Inc. (NOW)
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Source: Yahoo! Finance
This embedded content is not available in your region. For weeks, investors have been increasingly concerned that AI is advancing so rapidly that the business models of some of the S&P 500's ( ^GSPC ) most iconic players could take a major hit. What began as a software sell-off last month has rapidly spread to other industries, fueled by fears that AI could undermine traditional software pricing models or replace fee-based services such as brokerage and consulting. "There is a wrecking ball bouncing from one industry to the next, and folks are calling it the AI Scare Trade," Craig Basinger, chief market strategist at Purpose Investments, wrote earlier this month That sentiment was punctuated on Monday by a Substack post from Citrini Research, which noted the potential wipeout of middle-class, white-collar jobs as tasks become automated. "In the near term, right now, for us as investors, we have to deal with soured sentiment on AI," Sevens Report founder Tom Essaye told Yaho
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- 5 industries that have gotten rocked by the AI 'scare trade' defining markets this year [Yahoo! Finance Canada]Yahoo! Finance Canada
- ServiceNow (NOW)'s CEO is Doing Everything He Can, Says Jim Cramer [Yahoo! Finance]Yahoo! Finance
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Sec Filings
- 2/25/26 - Form 4
- 2/23/26 - Form 144
- 2/19/26 - Form 4
- NOW's page on the SEC website