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-0.000716781650389735 0.000806379356688499 -0.00188155183227304 8.15339127318669E-05 -0.00143356330077947 0.00483827614013087 -0.000985574769285901 0.0034047128393514
Stock impact report

Why Wall Street analysts see the tech-sell-off as overblown, and fueled by 'fear, not fundamentals' [Business Insider]

ServiceNow, Inc. (NOW) 
Last servicenow, inc. earnings: 4/29 04:10 pm Check Earnings Report
Become an Insider and start reading now. Have an account? Log in Tech stocks, led by software, are under pressure amid fresh fears of AI disruption. Bank of America analysts say the sell-off is overblown, comparing it to 2025's DeepSeek panic. Investor fears, not fundamentals, are what's driving the downturn, William Blair analysts say. Bank of America analysts say Wall Street is blowing the latest AI fears out of proportion as the tech sell-off drags on. The tech-heavy Nasdaq Composite is down about 2% on Wednesday, extending losses from Tuesday's session. Analysts say recent losses, fueled by AI disruption worries and some poorly received earnings, are overblown and don't justify the broad sell-off. Anthropic unveils the latest AI 'boogeyman' The sell-off kicked off in the software sector after AI start-up Anthropic introduced a new plugin for its Claude Cowork AI agent. The new tool is said to be more automatic in completing clerical tasks than conversational chatbo Show less Read more
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