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Software stocks plunge on ServiceNow, IBM results as AI fears escalate — Warptech News

Software stocks plunge on ServiceNow, IBM results as AI fears escalate

Shares of ServiceNow sank over 16%, dragging down other software names like Salesforce, Workday and Oracle with it.

giovedì 23 aprile 2026 New tab

241 words~1 min read

In this article

Software stocks plummeted on Thursday as disappointing results from ServiceNow

and IBM

added to fears that artificial intelligence tools and services will disrupt their businesses.

Shares of ServiceNow sank 17% Thursday, on pace for its worst day ever. The company narrowly beat Wall Street’s estimates Wednesday, but said that conflict in the Middle East created a “headwind” for quarterly subscription revenue. IBM beat on earnings and revenue but maintained guidance. The stock dropped 9%.

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