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Stock impact report

Software makers' best may not be good enough as AI fears mount [Yahoo! Finance]

ServiceNow, Inc. (NOW) 
Last servicenow, inc. earnings: 4/29 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
years, but analysts say ?that may not be enough, as fears that artificial intelligence would decimate ?software makers have sapped investor confidence in the industry. Software CEOs such as Salesforce's Marc Benioff have tried to ?reassure shareholders that proprietary data, decades of enterprise experience and in-house AI offerings would keep customers loyal, even as AI tools from the likes of Anthropic encroach on legal, marketing and customer-service work. But that has not stemmed a selloff in the sector, with the ?software and services index down ?around 16% since the start of the year, widely underperforming the broader S&P 500's 3.2% rise. • ServiceNow will kick off earnings for ?major software-as-a-service firms on Wednesday, followed by Workday and Salesforce likely in May. • Wall Street expects Salesforce's first-quarter revenue to have increased 12.5% to $9.83 billion, its fastest growth in 13 ?quarters, ?according to analysts polled by LSEG. • But profit ?growth a Show less Read more
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