Shares of technology companies rose as fears that artificial intelligence would wipe out demand for software-as-a-service were mitigated by one key earnings report.

Strong demand for agentic AI offerings helps Workday beat expectations and boost its stock price - SiliconANGLE

Workday's Q1 revenue of $2.54B and $2.66 EPS beat expectations as AI solutions near $500M ARR, sending shares up 10-14% and calming disruption fears.