ServiceNow crushed Q1 2026 estimates with 22% subscription revenue growth and raised full-year guidance. However, Middle East deal delays and Armis acquisition costs sent shares tumbling.
UBS downgraded ServiceNow to Neutral, citing AI competition worries; the stock is down sharply, but margins remain strong.
Michael Burry warns: Anthropic’s easy, cheap AI is outpacing Palantir, which may lose private business despite gov’t contracts.
Benchmark initiates Buy coverage on Snowflake, Microsoft, Palo Alto Networks, ServiceNow, and CrowdStrike.
A viral research report paints a scary AI future with high unemployment and crashing markets despite productivity gains. Software and payments stocks tank as investors react to the "what if AI success is bad?" scenario.
Software stocks are falling sharply after disappointing earnings and guidance from companies like Dassault Systèmes and Unity Software, raising worries about AI disrupting traditional business models.
