Workday CEO calls narrative that AI is killing software 'overblown'

Workday CEO calls narrative that AI is killing software 'overblown'

Software stocks have sold off in recent months on concerns that new AI tools will upend the sector and displace their business models.

Workday’s Eschenbach Fires Back: AI Fears Fuel Software Selloff Myth

Software stocks have tumbled amid whispers that artificial intelligence will gut legacy business models, but Workday CEO Carl Eschenbach isn’t buying it. In a pointed interview at Davos, Mr. Eschenbach labeled the notion that ‘AI is killing software’ as ‘overblown,’ arguing instead that the technology acts as a powerful tailwind for enterprise providers like his company. Workday, a leader in cloud-based human capital management and financial sof…

Software sell-off sparked by AI sets stage for potential big year of M&A, investors say

Marc Benioff, CEO of Salesforce, speaking on Squawk on the Street at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026. Oscar Molina | CNBC Cloud software stocks have started this year where they left off in 2025: sell-off mode. The continued downward spiral is setting the stage for a flurry of acquisitions, investors told CNBC. The WisdomTree Cloud Computing Fund, which tracks cloud software, has dropped more than 8% so far this…