AI Fears Trigger Software Stock Plunge

Software company stocks experienced a significant decline, even for firms reporting strong earnings like ServiceNow and IBM, as escalating fears surrounding artificial intelligence impacted investor confidence.

23 Apr, 17:04 — 23 Apr, 17:04

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cnbcMostly Factual107d ago

Software stocks plunge on ServiceNow, IBM results as AI fears escalate

Shares of ServiceNow sank over 16%, dragging down other software names like Salesforce, Workday and Oracle with it.

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First report: cnbc · 23 Apr, 17:04|Full coverage: 2 · 2h|Window: 2h

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cnbc23 Apr, 17:04First to report

Software stocks plunge on ServiceNow, IBM results as AI fears escalate

2h later

forbes23 Apr, 18:54Latest update

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AI Fears Trigger Software Stock Plunge

Sources

Software stocks plunge on ServiceNow, IBM results as AI fears escalate

Coverage Timeline

Software stocks plunge on ServiceNow, IBM results as AI fears escalate

AI Fears Keep Hammering Software Stocks—Even Those With Strong Earnings - Forbes

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