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Stock impact report

Legendary Investor Michael Burry Is Shrugging Off the Software Apocalypse (Sort of) and Buying Salesforce Stock. Should You? [Yahoo! Finance]

ServiceNow, Inc. (NOW) 
Last servicenow, inc. earnings: 4/29 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
enterprise software names have come under pressure amid fears that artificial intelligence (AI) could fundamentally disrupt their business models. Some investors have even dubbed the selloff a “SaaSpocalypse.” However, not everyone is convinced the sky is falling. Legendary investor Michael Burry, best known for his prescient bet against the U.S. housing market, appears to believe that at least part of the recent downturn in software stocks has been driven more by technical factors than by deteriorating fundamentals. In a Substack post, Burry indicated he planned to add shares of Salesforce last Thursday, suggesting he sees an opportunity where others see disruption. More News from Barchart Broadcom Breakup: AVGO Stock Slumps as Google Considers Its Rival for a Deal. Should You Buy the Dip? AMD Stock Just Hit New All-Time Highs. Should You Buy Shares Here? Sandisk Just Joined the Nasdaq-100. Should You Buy SNDK Stock Here? Get exclusive insights with the FREE Barchart Brie Show less Read more
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