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Software Stocks Plummet as ServiceNow, IBM Results Spark AI Disruption Fears
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Business·23.04.2026ملخص الذكاء الاصطناعي

Software Stocks Plummet as ServiceNow, IBM Results Spark AI Disruption Fears

Software stocks tumbled Thursday as ServiceNow sank 17% (its worst day ever) and IBM dropped 9%, fueling concerns that AI tools from Anthropic and OpenAI will disrupt the cloud subscription model. Workday fell 10% and is down over 45% this year, while the iShares Expanded Tech-Software ETF fell 5% and is down 18% annually. Big tech giants Alphabet, Amazon, Meta, and Microsoft report Wednesday, with Apple following Thursday.

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