software

Microsoft stock experienced its worst quarterly performance since 2008, driven by market concerns that AI will disrupt traditional software business models. This reflects broader investor uncertainty about AI's impact on established tech revenue streams despite heavy AI infrastructure investments.

ServiceNow shares plunged over 16%, dragging down other software stocks including Salesforce, Workday and Oracle amid escalating AI fears. This broad software selloff signals investor concerns about AI's potential to disrupt traditional software business models and pricing power.