ServiceNow is a leading provider of digital workflows that help organizations streamline their operations and enhance productivity. The company's cloud-based platform enables businesses to automate and manage various processes, such as IT service management, human resources, customer service, and security operations. By integrating various functions into a single platform, ServiceNow empowers organizations to improve service delivery, accelerate decision-making, and enhance employee and customer experiences. The company's solutions are designed to be scalable and adaptable, catering to the needs of enterprises across diverse industries as they navigate their digital transformation journeys. Read More
Dan Ives, managing director at Wedbush Securities, said on Friday in an interview with CNBC that the software stocks under pressure may be at a turning point.
Shares of digital advertising technology company PubMatic (NASDAQ:PUBM) jumped 13.4% in the afternoon session after the company reported fourth-quarter results that sailed past Wall Street's expectations and provided an optimistic forecast for the upcoming quarter.
Shares of interactive software platform Unity (NYSE:U) fell 7.7% in the afternoon session after a broader market sell-off was triggered by a worse-than-expected inflation report. The slide happened as major U.S. stock indexes, including the Dow, the S&P 500, and the Nasdaq, all declined by more than one percent. The negative sentiment swept across markets after a key wholesale inflation report showed that prices remained stubbornly high, sparking concerns among investors. Tech stocks were particularly affected by the downturn, contributing to the negative pressure on the broader market.
The sell-off at Zoom (NASDAQ: ZM) is not an isolated event; it is the latest tremor in a broader structural realignment known as the "SaaSpocalypse." As of February 27, 2026, over $2 trillion in market capitalization has been wiped from the software-as-a-service (SaaS) sector since the start of the year.
Shares of cloud security platform Zscaler (NASDAQ:ZS) fell 14.9% in the afternoon session after the company reported mixed fourth quarter results. Sales and earnings per share came in ahead of expectations during the quarter.
Shares of social media management platform Sprout Social (NASDAQ:SPT) fell 12.6% in the afternoon session after Canaccord downgraded the stock and sharply cut its price target, citing concerns over the company's recent financial results.
Shares of search AI platform provider Elastic (NYSE:ESTC) fell 15.7% in the afternoon session after the company reported fourth-quarter results that topped Wall Street estimates for revenue and profit, but its outlook for a key growth metric disappointed investors.
As of February 26, 2026, the financial markets are witnessing one of the most aggressive sector rotations in recent memory. For over two years, the artificial intelligence trade was synonymous with silicon—a relentless bull run for the companies manufacturing the chips and building the data centers. But in the
A number of stocks jumped in the afternoon session after Nvidia CEO Jensen Huang dismissed fears that artificial intelligence would cannibalize the enterprise software sector.
A number of stocks jumped in the afternoon session after Nvidia CEO Jensen Huang dismissed fears that artificial intelligence would cannibalize the enterprise software sector.
A number of stocks jumped in the afternoon session after Nvidia CEO Jensen Huang dismissed fears that artificial intelligence would cannibalize the enterprise software sector.
A number of stocks jumped in the afternoon session after Nvidia CEO Jensen Huang dismissed fears that artificial intelligence would cannibalize the enterprise software sector.
A number of stocks jumped in the afternoon session after Nvidia CEO Jensen Huang dismissed fears that artificial intelligence would cannibalize the enterprise software sector.
A number of stocks jumped in the afternoon session after Nvidia CEO Jensen Huang dismissed fears that artificial intelligence would cannibalize the enterprise software sector.
A number of stocks jumped in the afternoon session after Nvidia CEO Jensen Huang dismissed fears that artificial intelligence would cannibalize the enterprise software sector.
