The AI-fueled software meltdown is overblown [Yahoo! Finance Canada]
ServiceNow, Inc. (NOW)
Last servicenow, inc. earnings: 4/29 04:10 pm
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Source: Yahoo! Finance Canada
The software sector has taken a massive beating on Wall Street over the past few months on fears that AI is destined to roll over the segment. But the sell-off turned into a meltdown last week after Anthropic ( ANTH.PVT ) released an update to its Claude Cowork tool that included plugins to perform common tasks related to legal, marketing, finance, data, and sales. OpenAI ( OPAI.PVT ) then followed with its own new release , and Anthropic launched yet another ServiceNow ( NOW ) stock is off more than 22% since Jan. 29, while Thomson Reuters ( TRI ) is down more than 26% as of Wednesday. Intuit ( INTU ) shares fell more than 26%, and Snowflake ( SNOW ) shed 18%. Salesforce ( CRM ) dropped more than 20%. The thinking is that Anthropic, OpenAI, and other AI companies will either build their own software to rival offerings from existing software firms or allow businesses to easily develop custom in-house software. Either scenario could spell trouble for software companies But acc
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News
- CNBC Daily Open: Better-than-expected U.S. jobs report and AI fears spook markets [CNBC]CNBC
- Kearney announces partnership with ServiceNow to accelerate enterprise transformation through agentic AI [Yahoo! Finance]Yahoo! Finance
- Leader de proximité [Finance et Investissement (Montreal) (French)]Finance et Investissement
- ServiceNow: Artificial Intelligence As A Massive Opportunity, Not An Existential Risk [Seeking Alpha]Seeking Alpha
- Tech bull Dan Ives says Wall Street's software skepticism is 'the most disconnected call that I've ever seen' [Business Insider]Business Insider
NOW
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- 2/11/26 - Form 4
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