US EditionNET Down 12%, SNOW Down 9%, NOW Down 7%: The Market Just Repriced the Entire Software Sector on AI Agent Fears
Anthropic’s revenue run rate topped $30 billion, deepening investor fears that managed AI agents could erode software pricing power and growth.
6 Articles
6 Articles
NET Down 12%, SNOW Down 9%, NOW Down 7%: The Market Just Repriced the Entire Software Sector on AI Agent Fears
The post NET Down 12%, SNOW Down 9%, NOW Down 7%: The Market Just Repriced the Entire Software Sector on AI Agent Fears appeared first on 24/7 Wall St.. Quick Read Cloudflare (NET), Snowflake (SNOW), and ServiceNow (NOW) stocks plunged amid enterprise software sector repricing on AI agent threats from Anthropic and OpenAI. Cloudflare’s infrastructure sits at the exact layer where AI agents operate, making it ground zero for investor anxiety. …
The shares of software companies fall into the most recent example of the collapse of the sector amid the concern for disruption posed by artificial intelligence services. The ETF iShares Expanded Tech-Software Sector, with the IGV symbol, falls by 3.9%, closing at its lowest level since November 2023. It has lost more than 27% this year. An index of shares of software as a service (SaaS) falls by 4.8%, raising its weekly decline to 9% and its f…
AI threat’s relentless flogging of software stocks shows no end in sight with Anthropic’s new agent
Subscribe to CNBC PROSubscribe to Investing ClubLicensing & ReprintsCNBC CouncilsSelect Personal FinanceJoin the CNBC PanelClosed CaptioningDigital ProductsNews ReleasesInternshipsCorrectionsAbout CNBCSite MapPodcastsCareersHelpContactNews TipsGot a confidential news tip? We want to hear from you.Get In TouchCNBC NewslettersSign up for free newsletters and get more CNBC delivered to your inboxSign Up NowGet this delivered to your inbox, and more…
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
