AI deepens US tech divide as IBM, ServiceNow spark software selloff, TI lifts chipmakers - Reuters
AI deepens US tech divide as IBM, ServiceNow spark software selloff, TI lifts chipmakers Reuters
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"This general bifurcation within tech and within AI is going to be something which is a major driver for markets in the years ahead."
— Kiran Ganesh , Executive
"They’re learning that ServiceNow is an AI platform."
— Bill McDermott , Executive
"The SaaSpocalypse idea—that large corporations would want to replace all their long-standing software vendors with more DIY offerings built on AI models—is a parlor trick."
— Bill McDermott , Executive
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<a href="https://news.google.com/rss/articles/CBMivgFBVV95cUxQZ2x4dW1pNXpqSldUQkR2MGNlaGQ4cDBIeFZ5MzVOU2hQV1BNSmppN2dvaVZTUnRmeWFyMGNsb0JXcWVSSHJnY2VIUDNndDFpcHZZdklmSzJ3bjlYRXl1SnpKYnViVDFnLUEwTS1FRTBiWWVxS29sWDNwSTZDbUpjdkVLRmFvdjdMWTVGRGZnQktKaGpidjd6azRUR1BoYXl2QlZQaGl3V1F6QkcyaURNVFFUOG1rdUNtWjB4OHRn?oc=5" target="_blank">AI deepens US tech divide as IBM, ServiceNow spark software selloff, TI lifts chipmakers</a> <font color="#6f6f6f">Reuters</font>
IBM and ServiceNow's quarterly results reignited concerns about AI-driven disruption in the software sector, leading to a selloff in U.S. software stocks.
ServiceNow and IBM's earnings reports have reignited AI-related concerns, causing a broad selloff in enterprise software stocks.
U.S. software stocks fell following IBM and ServiceNow's quarterly results, reigniting fears about AI-driven disruption in the sector.
Despite strong earnings, ServiceNow's stock declined as investors remain concerned about AI's impact on traditional software models.
U.S. technology stocks diverged as IBM and ServiceNow's results reignited AI-driven disruption fears in software, while Texas Instruments' positive outlook boosted chipmakers.
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