US software stocks slide as IBM, ServiceNow results reignite AI disruption fears
Published on April 23, 2026.
U.S. software stocks fell in premarket trading following quarterly results from IBM and ServiceNow, raising concerns about AI-driven disruption across the sector. Both companies reported above analysts' expectations but failed to alleviate investor fears. The rise in AI has led to a decrease in fortunes for chip stocks and software.
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