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Stock impact report

'This probably seems overdone': Wall Street strategists weigh in on software stock sell-off [Yahoo! Finance Canada]

ServiceNow, Inc. (NOW) 
Last servicenow, inc. earnings: 4/29 04:10 pm Check Earnings Report
A Friday bounce may have left some investors feeling better heading into the weekend, but a violent sell-off in tech names focused on the software industry this past week had Wall Street strategists trying to steady clients' nerves across the investment world. Software names were crushed on Tuesday, Wednesday, and Thursday last week as investors priced in even more aggressive disruptions to these businesses amid AI advances, with the uptake of Anthropic's Claude Code the latest source of angst And despite a rebound on Friday, the tech-heavy Nasdaq posted a weekly decline of more than 2%, with software giants Salesforce ( CRM ) and ServiceNow ( NOW ) shares falling more than 9%, among a host of other names in the space that also dropped. Still, the magnitude of the selling had several strategists urging patience and suggesting these moves may have actually overshot the potential risks facing these industries. "You're getting to a point where this probably seems overdone," Inve Show less Read more
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